Capital Abu Dhabi sets new high in hotel occupancy

In setting the new five-year record, the capital pushed the occupancy rate six percentage points higher than the same period in 2012.

Revenue per available room (RevPAR) was up by 7 per cent compared with the same period in 2012, as the hotel market continued to show strong signs of recovery.

However, the average daily rate (ADR) declined by 2 per cent compared with the same period in 2012, as hotels reduced rates to attract guests because of the intensified competition.

Nearly 2,000 rooms were added last year, bringing Abu Dhabi's hotel supply to around 18,500 rooms. The latest completion during the fourth quarter was the Premier Inn Abu Dhabi International Airport, which added 300 rooms.

Other major completions last year were the St. Regis hotel on the Corniche, Ritz Carlton Grand Canal, Dusit Thani on Muroor Street and Rosewood on Al Maryah Island.

Despite the drop last year, JLL expects the ADR to rebound this year as demand from the corporate, the meetings, incentives, conferencing and exhibitions (Mice) and the leisure segments continue to grow.



Source: Jobannie Tabada, Subeditor, Property WeeklyPW


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