Abu Dhabi hotel rates 'unlikely' to be capped

The Abu Dhabi Tourism Authority (ADTA) has said that hotel room rates during major events in the capital are unlikely to be capped in 2010, Wam has reported. The capital's new hospitality landscape has changed the entire demand/supply equation and competition is increasing with the obvious impact on rate structures, rendering the need for rate caps virtually redundant, ADTA said. Abu Dhabi now has some 17,000 rooms in 111 hotel and hotel apartments. Last year, 4,500 rooms were added to the inventory