Sunday, May 12, 2019

Major events push Abu Dhabi hotel revenues




Latest figures reveal that events such as the AFC Asian Cup, Special Olympics World Games boost revenues for hotels in the UAE capital
Total hotel revenues in Abu Dhabi increased by more than 16 percent in the first quarter of 2019, supported by a number of high-profile events.

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Latest figures released by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) revealed that events such as the AFC Asian Cup, IDEX exhibition, Special Olympics World Games and the Retail Abu Dhabi (RAD) shopping festival boosted total revenues, which increased by 16.1 percent.

DCT Abu Dhabi said revenues were driven by a boost in average room revenue (ARR), which increased by almost 15 percent coupled with an occupancy rate of 79 percent.
Hotels also saw room revenue increased by 24.5 percent, while F&B revenues increased by 10.4 percent, it added.

In total, 1,291,482 visitors were guests of Abu Dhabi’s 169 hotels and hotel apartments during Q1, a modest increase of about 6,600 over the same period in 2018.
For the first three months of the year, the figures also show Abu Dhabi saw a 2.1 percent increase in the average length of stay of all guests.

There was a marked increase for visitors from the US, up 13.8 percent, while the average length of stays for visitors from the UK, China, India, and Saudi Arabia also saw increases.
Saif Saeed Ghobash, Undersecretary, DCT Abu Dhabi, said: “These numbers confirm our strong start to 2019 and that our efforts and strategic planning are proving successful. The Q1 figures were without doubt boosted by visitors inspired by all Abu Dhabi offered in the first three months of the year.
“We will continue to focus on our key markets in the second quarter of this year, promoting more world-class events... We are confident that we will build on our strong start to the year, and we look forward to seeing our metrics in positive territory as we head towards summer.”

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