STR Global Posts Middle East/Africa Performance Results for April 2010

The Middle East/Africa region reported mixed results in the three key measurements for April 2010 when reported in U.S. dollars, according to data compiled by STR Global.

The region’s occupancy ended the month virtually flat with a 0.6-percent decrease to 65.9 percent, average daily rate increased 2.0 percent to US$162.04, and revenue per available room grew 1.4 percent to US$106.79.

“The region, which came later in the downturn in 2009, is making progress on the path to recovery with its third month of RevPAR increases”, said Elizabeth Randall, managing director of STR Global. “Demand grew, and despite continuing increases in new supply, the region got the top spot with 66 percent occupancy and (US)$162 ADR of the four regions. The year-to-April RevPAR results are (US)$0.77 higher than year-to-date 2009 and (US)$16 lower than year-to-date 2008”.

Highlights among the region’s key markets for April include (year-over-year comparisons, all currency in U.S. dollars):

• Johannesburg, South Africa, reported the largest occupancy increase, rising 12.9 percent to 59.7 percent, followed by Muscat, Oman, with a 10.0-percent increase to 66.9 percent.
• Four key markets experienced occupancy decreases for the month: Abu Dhabi, United Arab Emirates (-23.4 percent to 60.7 percent); Beirut, Lebanon (-8.0 percent to 72.4 percent); Cape Town, South Africa (-7.1 percent to 51.5 percent); and Riyadh, Saudi Arabia (-0.2 percent to 63.2 percent).
• Beirut posted the largest ADR increase, rising 41.1 percent to US$243.80, followed by Cape Town with a 12.2-percent increase to US$131.38.
• Two markets reported double-digit ADR decreases: Abu Dhabi (-32.8 percent to US$208.22) and Muscat (-19.1 percent to US$245.88).
• Beirut rose 29.9 percent to US$176.39 in RevPAR, reporting the largest increase in that metric. Johannesburg followed with a 23.8-percent increase to US$53.28.
• Abu Dhabi experienced the largest RevPAR decrease, falling 48.5 percent to US$126.34, followed by Muscat with a 11.0-percent decrease to US$164.52.

Performances of key countries in March (all monetary units in local currency):

*percentages are increases/decreases for April 2010 vs. April 2009

View Global hotel review for April 2010.

About STR Global:

STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information.  STR Global is part of the STR family of companies and is proudly associated with STR, RRC and HotelNewsNow.com. For more information, please visit www.strglobal.com.

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