Hotels in Abu Dhabi showed significant growth in December 2017, according to preliminary data supplied by STR.
Based on daily data from December, Abu Dhabi reported the following in year-over-year comparisons:
- Supply: +1.5%
- Demand: +9.6%
- Occupancy: +8.0% to 79.4%
- Average daily rate (ADR): +2.1% to AED496.70
- Revenue per available room (RevPAR): +10.2% to AED394.39
STR analysts attribute the month’s performance growth to the International Diabetes Federation Congress (4-8 December 2017), which helped push the market’s occupancy above 85% on four consecutive nights. The month’s absolute occupancy level would be the highest for any December on record since 2004.