Hotel Industry Performance Middle East And Africa

Hotels in the Middle East Report Mixed November 2019 Results

Hotels in the Middle East reported occupancy increased 3.4% to 72.1%, ADR dropped 5.9% to $146.47 and RevPAR decreased 2.6% to $105.56. In Africa, hotel occupancy rose just 0.4% to 68.1%, ADR increased 0.2% to $110.95 and RevPAR rose 0.6% to $75.60.
Sunset in Abu Dhabi - Photo by David Rodrigo on Unsplash
Hotels in the Middle East Report Mixed November 2019 Results

STR

Hotels in the Middle East reported mixed November 2019 performance results, while hotels in Africa posted positive results across the three key performance metrics, according to data from STR.

U.S. dollar constant currency, November 2019 vs. November 2018

Middle East

• Occupancy: +3.4% to 72.1%
• Average daily rate (ADR): -5.9% to US$146.47
• Revenue per available room (RevPAR): -2.6% to US$105.56

Africa

• Occupancy: +0.4% to 68.1%
• Average daily rate (ADR): +0.2% to US$110.95
• Revenue per available room (RevPAR): +0.6% to US$75.60

Market Focus, Local currency

Riyadh, Saudi Arabia

• Occupancy: +34.6% to 82.8%
• ADR: +11.1% to SAR685.91
• RevPAR: +49.5% to SAR568.19

Pushed by a 55.0% increase in demand, the absolute occupancy level is the highest for a November in Riyadh since 2007. STR analysts note that Saudi Arabia has seen a positive shift in hotel performance due to Saudi Vision 2030, a plan focused on diversifying the economy from being highly oil-reliant and focusing on public sectors, such as tourism growth.

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