The Middle East/Africa region reported mixed performance results during March 2014 when reported in U.S. dollars, according to data compiled by STR Global.
The region reported a 0.7-percent decrease in occupancy to 66.9 percent, a 2.1-percent increase in average daily rate to US$178.18 and a 1.4-percent increase in revenue per available room to US$119.19.
Highlights among the Middle East/Africa region’s key markets for March 2014 include (year-over-year comparisons, all currency in U.S. dollars):
- Nairobi, Kenya, jumped 60.5 percent in occupancy to 60.5 percent, reporting the largest increase in that metric. Manama, Bahrain, followed with a 32.2-percent increase to 60.7 percent.
- Beirut, Lebanon, posted the largest occupancy decrease, falling 25.1 percent to 38.9 percent. The market also reported the largest RevPAR decrease, falling 29.8 percent to US$54.45.
- Jeddah, Saudi Arabia, rose 8.5 percent in ADR to US$247.56, reporting the largest increase in that metric.
- Doha, Qatar, fell 10.4 percent in ADR to US$187.18 posting the only double-digit decrease in that metric.
- Nairobi jumped 70.9 percent in RevPAR to US$94.15, achieving the largest increase in that metric. Manama followed with a 29.6-percent increase to US$119.14.
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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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