The Middle East/Africa region reported mixed performance results during November 2013 when reported in U.S. dollars, according to data compiled by STR Global.
The region reported a 1.7-percent decrease in occupancy to 64.6 percent, a 6.8-percent increase in average daily rate to US$180.88 and a 4.9-percent increase in revenue per available room to US$116.78.
“In the Middle East & Africa region, demand is outpacing supply on a rolling 12-month basis, achieving 3.7-percent and 2.7-percent growth, respectively. RevPAR has been driven by rate, with a 3.4-percent growth in U.S. dollar terms. The region’s performance is mostly driven by Middle Eastern markets of Abu Dhabi, Dubai, Manama and Muscat, which all posted double-digit RevPAR growth year-to-date November 2013 in local currency terms”, said Elizabeth Winkle, STR Global’s managing director.
Highlights among the region’s key markets for November 2013 include (year-over-year comparisons, all currency in U.S. dollars):
• Beirut, Lebanon, reported the largest occupancy increase, rising 22.3 percent to 43.2 percent. Amman, Jordan, followed with a 14.2-percent increase to 67.8 percent.
• Cairo, Egypt, fell 39.3 percent in occupancy to 33.0 percent, posting the largest decrease in that metric.
• Dubai, United Arab Emirates, rose 9.9 percent in ADR to US$290.68, reporting the largest increase in that metric.
• Doha, Qatar (-18.0 percent to US$181.23), ended the month with the largest ADR decrease.
• Five markets achieved RevPAR increases of more than 10 percent: Amman (+19.3 percent to US$105.97); Beirut (+19.2 percent to US$64.36); Manama, Bahrain (+15.2 percent to US$100.67); Dubai (+12.7 percent to US$254.18); and Abu Dhabi, United Arab Emirates (+10.4 percent to US$171.70).
• Cairo fell 43.3 percent in RevPAR to US$33.74, posting the largest decrease in that metric.
Performances of key countries in November 2013* (all monetary units in local currency
*percentages are increases/decreases for November 2013 versus November 2012
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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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