Abu Dhabi occupancy up, but ADR falls in July 2016

STR’s preliminary July 2016 data for Abu Dhabi has indicated occupancy growth and lower rates.

Based on daily data from July, Abu Dhabi reported an increase in supply by 4.1% and demand by 7.9% YoY.

Occupancy rose by 3.7% to 61.6%. A 5.4% decrease, however, in average daily rate (ADR) saw the figure stand at US $100.31 (AED368.43).

RevPAR also dropped 1.9% and stood at $61.82 (AED227.07), according to the STR report.

The Ramadan calendar shift between 2015 (June 18 to July 17) and 2016 (June 6 to July 5) led to significant variance in Abu Dhabi’s monthly performance figures for June and July.

When shifting the comparison to the two Ramadan periods, 2016 resulted in a 14.3% decrease in RevPAR.

That decrease was driven equally by lower occupancy levels and lower ADR.