Abu Dhabi hotels see higher occupancy in August
LONDON, September 13, 2022
Abu Dhabi’s hotel industry recorded improved occupancy from the month prior, but lower room rates, according to preliminary August 2022 data from STR, a provider of analytics and insights for the global hospitality industry.
The occupancy was recorded 65.2% during the month. Despite the month-over-month increase, the occupancy level remained slightly below the pre-pandemic comparable (-2.8%).
While the average daily rate (ADR) reached AED335.49 ($91) in August, surpassing the pre-pandemic comparable (+5.6%), it was Abu Dhabi’s lowest level for any month since September 2021.
Revenue per available room (RevPAR), at AED218.90, also came in higher than the prior month and was 2.7% above the August 2019 level. – TradeArabia News Service