Hotel Industry Performance Middle East And Africa

Hotels in the Middle East Report Mixed Results for 2019

Middle East hotel RevPAR declined 5.1% to $95.09 in 2019, but in Africa, hotel RevPAR rose 2.6% to $67.01 for the year.
Sunset in Abu Dhabi - Photo by David Rodrigo on Unsplash
Hotels in the Middle East Report Mixed Results for 2019

STR

Hotels in the Middle East reported mixed 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, 2019 vs. 2018

Middle East
• Occupancy: +2.3% to 66.2%
• Average daily rate (ADR): -7.2% to US$143.70
• Revenue per available room (RevPAR): -5.1% to US$95.09

Africa
• Occupancy: +1.1% to 61.3%
• Average daily rate (ADR): +1.5% to US$109.33
• Revenue per available room (RevPAR): +2.6% to US$67.01

Local Currency, 2019 vs 2018

Beirut, Lebanon

• Occupancy: -8.6% to 53.4%
• ADR: +6.9% to LBP245,325.04
• RevPAR: -2.3% to LBP131,066.36

While Beirut recorded its highest Q1 RevPAR level (LBP128,581.91) since 2012, the Q4 level in the metric (LBP60,847.25) was the lowest for any fourth quarter in STR’s Beirut database. STR analysts note that protests and subsuquent political turmoil in Lebanon negatively affected performance near the end of the year and pulled down total-year numbers in the market. November and December RevPAR dropped significantly, -75.7% and -68.0%, respectively.

Sharm El Sheikh, Egypt

• Occupancy: +10.3% to 60.0%
• ADR: +9.9% to EGP1,196.18
• RevPAR: +21.2% to EGP717.73

Occupancy in Sharm El Sheikh has grown for 31 consecutive months. STR analysts note that double-digit demand growth (+10.3%) was coupled with flat supply comparisons, continuing the consistent occupancy growth and lifting pricing confidence.

Download the Global Performance Review

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.



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