JLL: Abu Dhabi hospitality sector strong in 1Q15
Jones Lang LaSalle IP Inc. noted in its Abu Dhabi Real Estate Market Overview for 1Q15 that the hospitality sector performed well in 1Q15, with the ADR up 12% y-o-y at USD169. Some 3,000 new hotel rooms are to come available in the remainder of 2015. The hotel occupancy rate has remained broadly stable at 77%. Abu Dhabi tourist arrivals were up 24% in 2014. Growth has been driven by official initiatives to boost inbound tourism.
Source : 31 March 2015/JLL/Abu Dhabi/HOT