MEA hotel occupancies increase 8.2%: STR Global

TD Guest Writer

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Hotel occupancies in the Middle East and Africa region have been on an upward trend which is evident from the recent STR Global performance results for January 2013. 

As per the report, the region reported an 8.2% increase in occupancy to 59.8%, a 1.3% increase in average daily rate to US$182.81 and a 9.6% increase in revenue per available room to US$109.29.

“The entire region posted a 9.6% increase in RevPAR for the first month of 2013,” said Elizabeth Randall Winkle, managing director of STR Global. “The Middle East is growing in both occupancy and ADR. Whilst still recovering in occupancy, the ADR in the African nations is still suffering as a result of continued political turmoil. Southern Africa showed a growing ADR of 8.3% (local currency)”.

Statistics for other countries in the region include Manama witnessed the largest occupancy increase, rising 40.0% to 56.6%, followed by Cairo (+17.2% to 42.7%), and Muscat (+14.9% to 67.9 %). Amman fell 29.4% in occupancy to 45.7%, posting the largest decrease in that metric. Jeddah increased 14.0% in ADR to US$241.24 while Beirut experienced the only double-digit ADR decrease, falling 25.5% to US$157.26. Manama (+39.8% to US$120.39) and Cairo (+14.5% to US$44.83) achieved the largest RevPAR increases for the month. However, Beirut fell 34.7% in RevPAR to US$72.79, reporting the largest decrease in that metric, followed by Amman with a 22.5% decrease to US$72.60.

Klook.com

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