News Source: hotelnewsresource.com
For February Abu Dhabi's Hotel Industry Reported Best Performance Levels Since the Start of the Pandemic
News Source/Courtesy: hotelnewsresource.com

Lifted by IDEX, Abu Dhabi’s hotel industry reported its best performance since the start of the pandemic, according to preliminary February 2021 data from STR.

In addition to higher absolute levels, year-over-year comparisons were more favorable than previous months.

Occupancy: 65.4% (-15.4%)

Average daily rate (ADR): AED361.07 (-12.4%)

Revenue per available room (RevPAR): AED236.03 (-25.9%)

The International Defense Exhibition and Conference (21-25 February) brought more than 62,000 attendees across the five days. When looking at daily data, Abu Dhabi hotels saw their highest ADR (+50.5% to AED606.80) and RevPAR (+34.4% to AED446.57) levels for the month on the first day of the conference.

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.

Fill the numbers here
If not readable, please refresh.
Refresh

News Source: hotelnewsresource.com

You Might Also Like

Leave A Comment

Don’t worry ! Your email address will not be published. Required fields are marked (*).

Fill the numbers here
If not readable, please refresh.
Refresh

Fill the numbers here
If not readable, please refresh.
Refresh

-: Disclaimer :-


This article has been aggregated from hotelnewsresource.com and they maybe/are the copyright owners of the same. If you are the Author/Copyright owner of this article and want us to remove the same then send an email to admin@hoteliers.news so that we can delete it immediately. We sincerely regret and apologies for any inconvenience caused to you due to the same. Though it is your decision but please take note that the link to your website and the article have been given above, within and on the bottom of the article.

Hoteliers In Limelight

Voting Poll