Abu Dhabi hotels’ occupancy, ADR, RevPar rises in June 2019
The emirate recorded double-digit growth
Supply in Abu Dhabi increased by 5.4% and demand saw a double-digit growth of 23% when compared to the same period last year.
Occupancy rates rose by 16.8% (in comparison to last year) to 62.9%, while average daily rate (ADR) increased by 7.2% to AED339.31 ($92.3921).
Abu Dhabi’s revenue per available room (RevPAR) rose by 25.2% (in comparison to 2018) to AED 213.43 ($58.1157).
According to STR, the absolute occupancy level in Abu Dhabi is the highest for a June since 2014.
STR analysts also stated that following the end of Ramadan on 4 June 2019, performance levels rose significantly.
On 6 June 2019, the emirate witnessed the highest year-on-year percentage changes in the three key performance metrics, with occupancy rising by 102.3%, ADR increasing by 60.5% and RevPAR shooting up by 224.7%.