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1552461966493421600
Wed, 2019-03-13 10:25
DUBAI: Pope Francis’ papal visit to the UAE and the International Defence Exhibition and Conference (IDEX) in February helped boost the performance of Abu Dhabi hotels, as daily room rates sharply rose despite a dip in occupancy levels.
“The year-over-year increases in ADR [average daily rates] and RevPAR [Revenue per available room] were mainly driven by Pope Francis’ visit to Abu Dhabi (3-5 February) and the 2019 (17-21 February),” industry monitor STR said in its preliminary report.
“A jump in rates were seen during the seven-day period surrounding IDEX.”
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