While occupancy may have dipped slightly for Abu Dhabi hotels in February 2019, STR's preliminary data reveals that the UAE capital showed increases in ADR and RevPAR - mainly driven around the Pope's visit to the UAE capital and the International Defence Exhibition & Conference.

According to preliminary February 2019 data from STR, Abu Dhabi hotels reported occupancy dipped 1.9% to 79.2%, but a 31.6% ADR boost to AED 565.07 (US $153.87) drove RevPAR up 29.1% to AED 447.46 ($121.84).

 

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Based on daily data from February, Abu Dhabi reported an increase in supply (9.3%) along with a rise in demand (7.2%) year-on-year. 

STR analysts noted that the year-over-year increases in ADR and RevPAR were mainly driven by Pope Francis’ visit to Abu Dhabi (February 3-5) and the 2019 International Defence Exhibition & Conference (February 17-21). A jump in rates were seen during the seven-day period surrounding IDEX.

STR will release full February results later this month.

This follows the news that the UAE capital reported its highest January occupancy since 2008.