JLL: Abu Dhabi hospitality sector strong in 1Q15

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  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