Abu Dhabi events boost hotels demand, RevPAR, ADR in September
Demand rose by 12.9% in the month of September 2019
According to STR, supply rose by 4.2%, while demand increased by 12.9% when compared to the same period last year.
Hotels also recorded a rise of 8.3% in occupancy to 72.9%, while average daily rate (ADR) rose by 1.2% to AED341.72. Revenue per available room (RevPAR) increased by 9.6% to AED249.03
According to STR analysts, the market’s largest daily increase in occupancy (33.1%) and the second-highest daily jump in RevPAR (37.3%) occurred on 7 September 2019, the day of the Khabib vs. Poirer UFC fight.
Other events such as the InnoPack 2019 and CPhI Middle East and Africa (both held on September 16-18, and the 79th FIP World Congress of Pharmacy and Pharmaceutical Sciences (September 22-26), helped overall performance during the month as well.