Hotel occupancies for MEA region on positive trend: STR Global
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Recent statistics released by STR Global for September 2015 stated that hotels in the Middle East and Africa (MEA) region reported positive results in the three key performance areas.
The data compared to September 2014 for the MEA region reported a 0.1% increase in occupancy to 64.9%, a 13.2% rise in average daily rate to US$158.98 and a 13.2% increase in revenue per available room to US$103.25.
Bahrain reported a 7.8% increase in occupancy to 59.3% as well as double-digit growth in ADR at 18.2% to BHD90.98 and RevPAR at 27.4% to BHD53.96. According to STR Global analysts, the upswing in year-over-year performance came as a result of an earlier Eid al-Adha. Demand growth was 19.8% and outpaced supply growth with 11.2%, and hotels capitalized with higher rates.
Jordan witnessed an occupancy drop 1.1% to 53.9%. However, ADR was pegged at 3.8% to JOD109.94 and RevPAR at 2.6% to JOD59.21 each increased. Mauritius recorded double-digit increases in occupancy at 16.8% to 75.7% and RevPAR was at 24.8% to MUR3,408.62. ADR in the country was up 6.8% to MUR4,505.18. Supply remained flat for the month, while demand surged 16.8% due to an influx of international arrivals from Europe and Asia.
Cairo posted double-digit increases in each of the three key performance metrics. Occupancy increased 10.9% to 57.3%; ADR was up 13.3% to EGP875.04; and RevPAR rose 25.7% to EGP500.97. Johannesburg saw a 4.7% increase in occupancy to 63.2%, a 7.8% rise in ADR to ZAR859.66 and a 12.9% increase in RevPAR to ZAR543.48. Year-to-date ADR growth was at 10.8% which continues to drive performance in the market, while a high supply growth rate has affected absolute occupancy.
Lagos reported double-digit growth across three key performance measurements- occupancy at 17.6% to 45.5%; ADR at 16.5% to NGN44,633.18 and RevPAR at 37.1% to NGN20,324.11. Performance in Lagos has fluctuated throughout the year, and September performance was driven by an unbalance in demand growth of 22.6% and supply at 4.2%.
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