Abu Dhabi hotel occupancy rises to 65.2% in August, STR says

Occupancy in Abu Dhabi Hotels grew to 65.2% in August from the previous month, according to hotel analytics provider STR.

Revenue per available room (RevPAR), a key measure of hotel performance Hospitality IndustryIt rose to 218.9 dirhams ($59.60) in August, up from July and 2.7% above the pre-coronavirus level in August 2019, STR said in a report on Tuesday.

According to preliminary data from STR, the average daily rate (ADR) in August was AED 335.49, 5.6% higher than the pre-pandemic level in August 2021, although this was the highest in Abu Dhabi since September 2021 Minimum monthly level.

“Abu Dhabi’s hospitality sector recorded an increase in occupancy from the previous month, but room rates fell,” the report said.

Occupancy rate increases as number of people increases Hotel guests in the UAE In the first half of 2022, it will increase by 42% year-on-year to 12 million, Sheikh Mohammed bin RashidVice President and Ruler of Dubai, said in a tweet Sunday.

In the first six months of the year, the UAE’s tourism industry earned more than Dh19 billion, and “this winter tourism industry is expected to be strong this year,” he said.

“Our metrics today are stronger than those before the pandemic, our economy is growing faster than before the pandemic, and our tourism, business and development sectors are bigger than before the pandemic,” Sheikh Mohammed tweeted.

United Arab Emirates Economic growth of 8.4% The first quarter of the year saw its fastest annual growth since 2011, beating initial estimates, thanks to higher oil prices, a recovery in tourism, a booming real estate sector and successful Covid-19 mitigation measures.

GDP growth in the first quarter was significantly faster than the same period last year 2.1% pre-pandemic GDP level.

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The Qatar FIFA World Cup is also expected to bring a huge boom to hotels in Qatar. Dubai and Abu Dhabi, Many properties are expected to be almost fully occupied During November and December, thousands of fans flocked to the city due to limited accommodation in the host country.

The hospitality industry in the Bay Area is expected to expand Alpen Capital to reach $34 billion at a CAGR of 6.6% between 2022 and 2026 said in a report last month.

Medium-term growth will be driven by governments adopting strategies to promote tourism and economic recovery across the region, as well as increasing tourist arrivals.

The largest GCC markets, Saudi Arabia and the UAE, are expected to register compound annual growth rates of 8% and 5.5%, respectively, during the period, the report said.

Dubai Airport 62.4 million passengers expected Through the hub in 2022, its annual traffic forecast will be Forecast for early May Sales more than doubled in the first half to 58.3 million.

Abu Dhabi Airports expects the Gulf hub to handle at least 13 million passengers in 2022, higher than earlier projection It said there were 10.7 million in February.

Updated: September 13, 2022 9:30am