Abu Dhabi hotel performance slump for March
Revenue per available room (RevPAR) at hotels in Abu Dhabi plummeted 45% compared to the same month in 2009, the latest STR Global figures have revealed.
This was the largest year-on-year decline for hotels across MENA.
The city also saw the largest drop in average daily rates, with a fall of nearly 28%.
Occupancies at Abu Dhabi hotels also dropped 24% to just 64%.
According to STR Global, the city’s hotels have seen double-digit declines each month since January.
Overall, MENA reported increases in all three measurements said STR Global, although this was boosted by improvements in performance in Africa.
“Hotels in the Middle East/Africa region posted their second month of RevPAR growth in March, finishing the first quarter with a 1% increase,” said STR Global Managing Director Elizabeth Randall.
“The region’s performance was pushed up by strong results from African hotels whileMiddle Eastern hotels reported RevPAR declines for the month and the quarter.”
She added that Middle East hotels still reported the highest ADR with $212 of all world sub-regions for the month of March.
Occupancies at Dubai properties increased to 79% in March compared to 73.3% in March 2009, while ADR fell 4.8% and RevPAR rose by 2.4%.
For the quarter, occupancies in Dubai were up 10.4% while ADR fell by 14.8% and RevPAR by 6%.
STR Global figures also revealed that Muscat reported the only double-digit occupancy increase, rising 15.5% percent to 69.1% for the period.