Abu Dhabi Hotel Revenue Plummets

While the Middle East still has the second highest revenue per available room (RevPar) of all the world’s sub regions at $120, it is also one of two regions still reporting declines in RevPar. STR Global said the Middle East/Africa region reported declines in all three key measurements in January, with the region’s occupancy rate falling 2.3 percent to 54.8 percent, ADR fell 1.9 percent to $170.20 and RevPar declined 4.1 percent to $93.23. Elizabeth Randall, Managing Director at STR Global, said “It is good to see the decline is getting smaller, from -7 percent in December to -4 percent for January compared to the prior year.”