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.
About STR
STR is the global leader in hospitality data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a robust global presence with regional offices strategically located in Nashville, London, and Singapore. In October 2019, STR was acquired by CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets. For more information, please visit str.com and costargroup.com.
Markets & PerformanceUnited Arab Emirates 
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