Abu Dhabi witnesses 81% occupancy in October 2017
STR's preliminary October 2017 data for Abu Dhabi indicated high demand and strong performance growth
According to preliminary October data released by STR, Abu Dhabi's hotels posted strong year-on-year performance in that month.
Occupancy in the UAE capital grew 12.7% to 80.9%, while ADR increased 2.3% to AED 465.58 (US $126.75). In October 2017, RevPAR was up 15.3% to AED 376.88 ($102.60).
During this time, supply increased by 0.5% as compared to October 2016, while demand rose by 13.2%.
STR analysts revealed in a press statement that "significant demand growth" was helped by the World Skills competition, which was held during October 15-18. Occupancy was above 90% three times during the event, while ADR was more than AED 500 ($136) each night.
The full October 2017 results from STR will be released later this month.