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Hotel Performance Worldwide: March Results

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Preliminary March data for Abu Dhabi hotels

Reflecting the circumstances around the COVID-19 pandemic,  STR’s preliminary March data for Abu Dhabi shows significant year-over-year declines in the three key performance metrics. 

Compared with March 2019 data: 

  • Occupancy: -32.9% to 55.1%
  • Average daily rate (ADR): -32.6% to AED333.92
  • Revenue per available room (RevPAR): -54.7% to AED183.86

Daily data for the month showed 31 consecutive days of double-digit decreases in each of the three key performance metrics.  

STR continues to monitor the COVID-19 impact on the hotel industry. More information and analysis can be found here.

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STRhttps://str.com/
About STR STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

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