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London – According to preliminary data for August 2022, Abu Dhabi’s hospitality sector recorded higher occupancy rates than the previous month, but room rates were lower STR.
- Occupancy rate: 65.2%
- Average Daily Rate (ADR): AED335.49
- Revenue per available room (RevPAR): AED218.90
Despite the sequential increase, occupancy remained slightly below pre-pandemic comparable levels (-2.8%). RevPAR was also higher than the previous month and was 2.7% above August 2019 levels. While the ADR surpassed the pre-pandemic comparable (+5.6%), it was the lowest level for any month since September 2021.
All COVID-19 assays for STR can be found here.
About STR
STR provides premium data benchmarking, analysis and market insights for the global hospitality industry. Founded in 1985, STR operates in 15 countries with its North American corporate headquarters in Hendersonville, Tennessee, its international headquarters in London and its Asia Pacific regional headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of commercial real estate information, analytics and online marketplaces.For more information, please visit str.com and costargroup.com.
Hayley Rudd
Communications Coordinator
+1 615 824 8664 ext. 3500
STR
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