Abu Dhabi sees 46% QoQ higher hotel revenues in Q3-20

SectorReal Estate

UAE - Mubasher: The revenues of Abu Dhabi's hotels rose by 46% during the third quarter (Q3) of 2020, when compared to the second quarter (Q2) of 2020, according to the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi). The number of hotel guests increased by 95% during the July-September period of 2020, compared to the corresponding period of 2019, reflecting the signs of recovery in the sector after being affected by the coronavirus (COVID-19) pandemic. In Q3-20, Abu Dhabi witnessed the highest hotel occupancy rates and the third-highest revenue per room in the region. Meanwhile, the emirate's airline bookings and seating capacity for all airlines rose by 119% and 364%, respectively, in Q3-20.

The Acting Undersecretary of DCT Abu Dhabi, Saood Al Hosani, said: "Alongside the launch of Air Arabia and WizzAir this year, which represents a significant vote of confidence in Abu Dhabi’s ongoing role as a travel hub, pioneering initiatives such as our Go Safe certification programme and our Rediscover Abu Dhabi campaign, have successfully resulted in the initial signs of a strong recovery." ...read more...