Abu Dhabi’s hotel glut worsens, even as more guests visit & stay
Excerpt from GulfNews
Although more hotel guests have stayed in Abu Dhabi’s 137 hotels, resorts and hotel apartments from January to November end this year, the increasing room availability has put pressure on occupancy and room rates.
Occupancy is down 6 per cent year-on-year to 65 per cent; average room rates have dipped 8 per cent to Dh452.5 ($123) and revenue per available room is down 13 per cent to Dh293.48 ($80), according to the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi).
The emirate saw an increase of 14 per cent in guests in January-November compared to the same period last year with guest nights running 11 per cent up on last year’s performance.