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Abu Dhabi’s hotel market records 11.8% profit increase in H1

August 4, 2014 1:44 am

Abu Dhabi hotel profits up 11.8% in first six months of the year, according to the latest data from HotStats. Profits in Abu Dhabi grew off the back off strong top-line performance as occupancy levels grew by 4.9 percentage points to 78.2%, according to the HotStats survey of full service hotels in five Middle East and North Africa cities. Revenue per available room (RevPAR) was up 6.8%, while average available room rates (ARR) were stable in the first half of 2014, Gulf News has reported.