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Hotel Industry in the Middle East and Africa Region Posts Positive Results For June 2012

2012-07-23

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STR Global The region’s occupancy increased 8.7 percent to 58.2 percent during the month, its average daily rate fell 1.8 percent to US$136.16 and its revenue per available room rose 6.8 percent to US$79.22.

The Middle East/Africa region reported mostly positive performance results in June 2012 when reported in U.S. dollars, according to data compiled by STR Global.

The region’s occupancy increased 8.7 percent to 58.2 percent during the month, its average daily rate fell 1.8 percent to US$136.16 and its revenue per available room rose 6.8 percent to US$79.22.

Year-to-date 2012, the region reported a 9.4-percent occupancy increase to 60.6 percent, a 1.5-percent ADR decrease to US$162.37, and a 7.7-percent rise in RevPAR to US$98.38.

“Middle Eastern hoteliers reported improving occupancy and average room rates boosted by double-digit demand growth for the first half of 2012 compared to the first six months in 2011”, said Elizabeth Randall, managing director of STR Global. “The occupancy and average room rate for the first half of 2012 is, however, still behind its peak performance of the first six months in 2008. For the first six months of 2008, the region achieved 70.9 percent occupancy and rate of US$235.64. The region saw the highest increase in new room supply compared to the other world regions since 2008. Africa reported continued occupancy improvements whilst average room rates remain under pressure compared to the first half 2011. In contrast, looking back at the first half of 2008, the Africa region surpassed its average room rate performance by US$12.68”.

Highlights among the region’s key markets for June 2012 include (year-over-year comparisons, all currency in U.S. dollars):

Muscat, Oman, rose 34.1 percent in occupancy to 51.6 percent, posting the largest increase in that metric, followed by Amman, Jordan, with a 15.0-percent increase to 67.8 percent.
Doha, Qatar, ended the month with the largest occupancy decrease, falling 11.8 percent to 49.4 percent.
Dubai, United Arab Emirates, achieved the largest ADR increase, rising 9.8 percent to US$170.07, followed by Amman with an 8.2-percent increase to US$155.51.
Cape Town, South Africa, fell 15.6 percent in ADR to US$102.93, posting the largest decrease in that metric, followed by Muscat with a 13.3-percent decrease to US$152.90.
Four markets experienced RevPAR increases of more than 15 percent: Amman (+24.4 percent to US$105.43); Jeddah, Saudi Arabia (18.2 percent to US$195.70); Dubai (+18.0 percent to US$125.25); and Muscat (+16.3 percent to US$78.87).
Abu Dhabi, United Arab Emirates, fell 15.4 percent in RevPAR to US$66.13, reporting the largest decrease in that metric.

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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, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.

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