Abu Dhabi hoteliers are set to record their highest ever April occupancy rate, according to new data released by analysts STR.
STR’s preliminary April data for the UAE capital indicates high demand and occupancy levels above 80 percent.
Based on daily data from April, Abu Dhabi reported a 4.6 percent rise in supply compared to the same month last year and a 5.3 percent increase in demand.
The figures also revealed that occupancy rose by 0.7 percent to 80.4 percent last month compared to April 2018.
They also showed that average daily rates (ADR) in Abu Dhabi increased by 2.8 percent to AED440.01 and revenue per available room (RevPAR) rose by 3.4 percent to AED353.98.
STR said in a statement: “The absolute occupancy level was the highest for any April in STR’s Abu Dhabi database… performance levels were pushed by events such as Culture Summit Abu Dhabi and the Retail Abu Dhabi Spring Sales.”
Last week, figures published by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) said total hotel revenues in UAE capital increased by more than 16 percent in the first quarter of 2019, supported by a number of high-profile events.
It revealed that events such as the AFC Asian Cup, IDEX exhibition, Special Olympics World Games, and the Retail Abu Dhabi (RAD) shopping festival boosted total revenues, which increased by 16.1 percent.
DCT Abu Dhabi said revenues were driven by a boost in average room revenue (ARR), which increased by almost 15 percent coupled with an occupancy rate of 79 percent.
Hotels also saw room revenue increased by 24.5 percent, while F&B revenues increased by 10.4 percent, it added.
Source:https://www.arabianbusiness.com/travel-hospitality/419995-abu-dhabi-hotels-set-to-post-highest-april-occupancy-on-record