Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record.
August 2024 (year-over-year % change):
- Occupancy: 75.9% (+10.5%)
- Average daily rate (ADR): AED434.30 (+8.0%)
- Revenue per available room (RevPAR): AED329.80 (+19.3%)
Abu Dhabi saw its highest daily occupancy level (83.7%) and RevPAR (AED368.16) on Wednesday, 14 August–the first night of the 2024 International Chess Festival.
The market’s highest ADR (AED455.49) was posted on UFC Fight Night (Saturday, 3 August).
The 2024 Abu Dhabi International Hunting and Equestrian Exhibition started on 31 August, pushing occupancy to 72.2%, and ADR and RevPAR to AED442.53 and AED319.39, respectively.
São Paulo hotel room rates reached record high in August
São Paulo posted its highest monthly average daily rate (ADR) and second highest revenue per available room (RevPAR) on record.
August 2024 (year-over-year % change):
- Occupancy: 67.8% (+3.2%)
- ADR: BRL717.98 (+20.6%)
- RevPAR: BRL486.92 (+24.5%)
The first night of the Concrete Show (Tuesday, 6 August) drove highs across each of the three key performance metrics: occupancy (91.6%), ADR (BRL794.57) and RevPAR (BRL727.50). The second night of the show pushed occupancy to 91.5%, and ADR and RevPAR to BRL780.01 and BRL713.55, respectively.
On Wednesday, 28 August, the night before the 2024 Brazilian Cup quarterfinal match between Sao Paulo and Atletico Minero, hotel occupancy reached 89%, while ADR and RevPAR were pushed to BRL777.21 and BRL692.08, respectively.
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