The Hotel price index (HPI) decreased during the month of June 2014 from 90.6 in May 2014 to 80.1 in June 2014, which shown decreased by 11.5%, according to Statistics Centre- Abu Dhabi (SCAD) In its report, which provides an analysis of the hotel establishments price index during the month of June 2014 compared with May 2014 and the same period of 2013, SCAD said the HPI decreased by 3.8% in June 2014 compared with June 2013 HPI was decreased from 83.3 in June 2013 to 80.1 during the month of June 2014.
HPI for the first five months in 2014 decreased by 5.7% compared with the same period in 2013.
The HPI is a statistical indicator which measures the relative change of hotel room’s prices over the two time periods. And it shows the time series of changes in the prices of hotel rooms by categories approved for hotels in the emirate of Abu Dhabi.
This indicator provides price movements in the hotel establishments at the categories of hotels adopted by Abu Dhabi Tourism & Culture Authority.
Hotel price index The hotel room rates decreased by 14.2% during June 2014 compared with May 2014. The hotel room rates decreased by 5.1% during June 2014 compared with June 2013. The hotel room rates decreased by 7.2% during the first five months in 2014 compared with the same period in 2013.
Hotel apartments price index The hotel apartments room rates decreased by 3.6% during June 2014 compared with May 2014. The hotel apartments room rates decreased by 0.8% during June 2014 compared with June 2013. The hotel apartments room rates increased by 0.5% during the first five months in 2014 compared with the same period in 2013.
Hotel price index during June 2014 compared with May 2014 The hotel establishments price Index decreased by 11.5% during June 2014 compared with May 2014, where it recorded 80.1 in June, while in recorded 90.6 in May 2014. This is mainly as a result of the decrease in hotel room rates by 14.2% which are an important weight in the hotel price index accounting for 78.3%. There was also a decrease in the hotel apartments room rates by 3.6%.
The decreases in hotel room rates by 14.2% are as a result of the decreases in prices for “five-stars”, “four-stars”, “three-stars”, “two-stars” and “one-star” “hotels by 17.5%, 8.1%, 12.4%, 2.5% and 16.1% respectively during June 2014 compared with May 2014.
The decreases in prices for “Deluxe”, “Standard” and “Superior” hotel apartments by 2.5%, 5.7% and 4.1% led to a decrease in overall hotel apartments room rates by 3.6%. Table (1) shows the index prices and rates of change for all hotels categories during June 2014 compared to May 2014.
Hotel price index during June 2014 compared with June 2013 The hotel establishments price index decreased during June 2014 compared with June 2013 by 3.8%, as the rate of hotel rooms recorded a decrease of 5.1%, while the rate of hotels apartments increased by 0.8%.
On the other hand the rate of hotels apartments rooms showed an increase of 0.8% during June 2014 compared with June 2013. with increases in most hotel apartments categories. The prices of “Deluxe” and “Superior” hotel apartments increased by 1.7%, and 4.6%, while the prices of “Standard” hotel apartments decreased by 5.3%.
The cumulative hotel price index for first five months compared with the same period in 2013 The cumulative index of hotel establishments prices (Jan 2014 to June 2014) decreased by 5.7% compared with the same period in 2013. The hotels room rates decreased by 7.2% while the rate of hotel apartments rooms increased by 0.5%.
Source : WAM News Agency for United Arab Emirates
