FINANCIAL NEWS

Abu Dhabi hotel demands to grow by 1.5 percent

12 Jan 2016

(MENAFN) Room rates in the capital came under stress through last month’s holiday season as more hotels opened due to the increase of demand by 1.5 percent.

However, year-on-year there was a 2.8 percent fall in average hotel tenancy across the capital with 76 percent in Dec, even as room rates decline by 6.8 percent to USD 148.6mn.

Additionally, last month the average income available room, a key measure of a hotel’s profitability, decreased 9.4 percent yearly to USD 113.05mn.

“Average rates have dropped due to the continuing economic difficulties being experienced in the main source markets of Russia and more recently, China,” said partner at the hospitality consultancy.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.