<< Previous :: Next >> By Date :: Top Recent :: Top 30 days :: Top 365 days :: Back

Hotel Industry in the Middle East & Africa Region Posts Positive Results For August 2012

2012-09-24

Send

PDF

Bookmark

Text Size:

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.

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):

Cairo, Egypt, reported the largest occupancy increase, rising 69.7 percent to 37.9 percent, followed by Amman, Jordan, with a 52.9-percent increase to 43.2 percent.
Riyadh, Saudi Arabia, fell 8.5 percent in occupancy to 31.0 percent, reporting the largest decrease in that metric.
Dubai, United Arab Emirates, increased 23.7 percent in ADR to US$184.23, posting the largest increase in that metric, followed by Jeddah, Saudi Arabia (+18.1 percent to US$255.99), and Amman (+17.8 percent to US$160.00).
Sandton, South Africa, and its surrounding areas, experienced the largest decrease in ADR, falling 11.6 percent to US$118.45.
Six markets achieved RevPAR increases of more than 25 percent: Amman (+80.1 percent to US$69.10); Cairo (+66.4 percent to US$39.81); Dubai (+59.9 percent to US$109.29); Jeddah (+40.6 percent to US$202.75); Muscat, Oman (+36.1 percent to US$61.27); and Manama, Bahrain (+25.8 percent to US$67.08).
Beirut, Lebanon, fell 4.9 percent in RevPAR to US$68.41, posting the largest decrease in that metric.

Download Global Performance review

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.

Logos, product and company names mentioned are the property of their respective owners.