Travel, Tourism & Hospitality
Abu Dhabi hotel performance jumps during Eid Al-Adha
Abu Dhabi's hotel industry reached its highest occupancy and revenue per available room since 2009, with a 5.0% increase in occupancy and an average daily rate of AED496.78 ($135.25), according to preliminary data from CoStar.
Abu Dhabi's hotel industry recorded its highest June occupancy and revenue per available room since 2009, due to improved performance during Eid al-Adha, according to preliminary data from CoStar.
The occupancy rate increased by 5.0% to 71.9%, with an average daily rate (ADR) of AED496.78 ($135.25) and a revenue per available room (RevPAR)of AED357.10.
The market's average daily rate was its highest for a June since 2010.
The occupancy peak was at 91.5% on 6 June, pushing RevPAR to a monthly high of AED602.47.
The highest ADR was posted on the following night (7 June) at AED663.71. -TradeArabia News Service