The regions occupancy increased 11.9 percent to 53.8 percent during the month, its average daily rate increased 3.0 percent to US$154.93 and its revenue per available room grew by 15.3 percent to US$83.37.
The Middle East/Africa region reported positive performance results in August 2012 when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy increased 11.9 percent to 53.8 percent during the month, its average daily rate increased 3.0 percent to US$154.93 and its revenue per available room grew by 15.3 percent to US$83.37.
“Ramadan ended earlier this August compared to August 2011, and performance metrics were positively impacted because of it, showing a 19.6 percent RevPAR increase across the Middle East”, said Elizabeth Randall Winkle, managing director of STR Global. “Africa’s RevPAR grew 5.4 percent as occupancy continued to recover, but average room rates (in U.S. dollars) remained under pressure”.
Highlights among the region’s key markets for August 2012 include (year-over-year comparisons, all currency in U.S. dollars):
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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