14.2% drop in Abu Dhabi hotel room rates in June
Statistics Center – Abu Dhabi (SCAD) released recently figures showing that hotel room rates in Abu Dhabi during June 2014 decreased by 14.2% compared with May 2014. The statistics are part of SCAD’s report and analysis of the hotel establishments price index during June 2014 compared with May 2014, and the same period in 2013. The decrease in hotel room rates led to the hotel establishments price index decreasing by 11.5% during June 2014 compared with May 2014. There was also a decrease in hotel apartments room rates by 3.6%, Khaleej Times reported. The emirate of Abu Dhabi is one of the most attractive tourist regions in the Middle East, because of the development of the construction and services in the tourism sector. Hotels are considered as the fundamental base of the tourism sector. In general, the services’ prices provided by hotels are considered as one of the most important factors in attracting tourism. The hotel price index (HPI) decreased during the month of June 2014 from 90.6 in May 2014 to 80.1 in June 2014. In addition, the HPI decreased by 3.8% in June 2014 compared with June 2013, while HPI for the first five months in 2014 decreased by 5.7%compared with the same period in 2013.