FINANCIAL NEWS

Abu Dhabi hotel room prices drop 14.2 percent in June

26 Aug 2014

(MENAFN) According to a report by the Statistics Centre Abu Dhabi (SCAD), hotel room prices in Abu Dhabi decreased by 14.2 percent in June compared to May, Gulf News reported.

The report indicates that hotel room rates fell by 5.1 percent in June compared to June 2013, while hotel apartments’ dropped by .08 percent in the cited period compared to the same month last year.

However, rates of hotel apartments have increase by 0.5 per cent during the January-May period compared with the same period last year.

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