Abu Dhabi hotel occupancy up to 71.3% in August

The Abu Dhabi hotel market continued to witness high performance as occupancy levels rose by 7.5 percentage points to 71.3 per cent, according to the latest HotStats survey of full service four and five star hotels TRI Hospitality Consulting. The growing performance drove Revenue per Available Room (RevPAR) growth by 11.7 per cent to $81.74. Average room rates in the emirate remained stable in August 2014 compared to the same period last year. The decline in a number of operating expenses enabled hotels to record a strong rise in profitability as gross operating profit PAR more than doubled to $24.05, and marked a return to positive levels following the previous month.