Abu Dhabi’s Hotel Industry Reported Improved Performance Levels from Previous Months for August

Sunset in Abu Dhabi - Photo by David Rodrigo on Unsplash
Abu Dhabi’s Hotel Industry Reported Improved Performance Levels from Previous Months for August

Hotel occupancy in Abu Dhabi, United Arab Emirates, dipped 6.4% to 62.9% in August, according to preliminary monthly data from STR. ADR decreased 3.4% to 307.23 Emirati dirhams ($83.66) and RevPAR fell 9.5% to 193.22 dirhams ($52.61).

Abu Dhabi’s hotel industry reported improved performance levels from previous months, according to preliminary August 2020 data from STR.

Compared with August 2019:

• Occupancy: -6.4% to 62.9%
• Average daily rate (ADR): -3.4% to AED307.23
• Revenue per available room (RevPAR): -9.5% to AED193.22

Showing continued early recovery from the impact of the COVID-19 pandemic, each of Abu Dhabi’s three performance metrics were up from June. The occupancy and RevPAR levels were the highest for any month since February. The ADR level was in line with the short-term August average.

STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.