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FINANCIAL NEWS
Abu Dhabi’s Q1 hotel revenues up 15% to USD389.9m
30 Apr 2013
(MENAFN) The Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) announced that revenues at the emirate’s hotels climbed by 15 percent to USD389.9 million in the first 3 months of the year, reported Arabian Business.
The authority added that the number of guests staying at these hotels rose by 6 percent from a year before to 631,417, with guest nights jumping by 23 percent to 2,119,016.
Furthermore, the average-length-of-stay reached 3.36 nights at the capital’s 141 hotels and hotel apartment, posting a growth of 16 percent from a year earlier.
However, the average room rate fell by 2 percent, reaching USD133.
It is worth noting that in March alone, revenues grew 18 percent, reaching USD136.7 million, while the number of guests edged up 9 percent, with guest nights growing 26 percent from a month before to 761,834.
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