Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
August 2024 (year-over-year % change):
Occupancy: 75.9% (+10.5%)
Average daily rate (ADR): AED434.30 (+8.0%)
Revenue per available room (RevPAR): AED329.80 (+19.3%)
Abu Dhabi saw its highest daily occupancy level (83.7%) and RevPAR (AED368.16) on Wednesday, 14 August–the first night of the 2024 International Chess Festival.
The market’s highest ADR (AED455.49) was posted on UFC Fight Night (Saturday, 3 August).
The 2024 Abu Dhabi International Hunting and Equestrian Exhibition started on 31 August, pushing occupancy to 72.2%, and ADR and RevPAR to AED442.53 and AED319.39, respectively.
For more information about the company and its products and services, please visit www.costargroup.com.
.jpg){kind=tracking}
