STR’s preliminary June 2018 data for Abu Dhabi, United Arab Emirates, indicates strong demand growth.
Based on daily data from June, Abu Dhabi saw a 4.2% increase in supply and a 10.9% increase in demand in year-over-year comparisons.
Compared to the same period last year, occupancy rose 6.4% to 53.8%. While ADR fell by 4.5% to AED 318.12 (US$87), RevPAR showed an increase of 1.6% to AED 171.31 ($47).
The year-over-year demand increase, which was boosted by an earlier Eid al-Fitr, would be the highest for a June since 2014. STR analysts noted that the decrease in ADR is consistent with significant supply growth as hoteliers charge less for rooms in an effort to maintain occupancy levels.
Absolute RevPAR levels in Abu Dhabi have remained well below historical averages primarily due to lower ADR.
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