Abu Dhabi hotel revenues grow 6.8% in 2015

Abu Dhabi-Mubasher: Revenues from  accommodation reservation in Abu Dhabi hotels increased 6.8% in 2015 backed by growth of 6.1% in hotel revenues and 9.8% in hotel apartment revenues , according to a recent report by Statistics Centre − Abu Dhabi (SCAD).

Abu Dhabi’s hotel price index, which measures the relative change of hotel room’s prices, declined 1.5% year-on-year in 2015.

In December 2015, the hotel revenues declined 2.6% due to a drop in revenues of hotels and hotel apartments by 3.2% and 4%, respectively.

On a monthly basis, the hotel price index fell 20.6% in December 2015. 

 

Mubasher Contribution Time: 29-Feb-2016 03:35 (GMT)