Al Taameer Real Estate Investment Company has published its MENA hospitality report update for June, which found hotel occupancy rates in Kuwait declined 3.0 percentage points YoY to 57.0% in April 2011. Average Daily Rates (ADR) rose 2.6% YoY to $272, while Revenue per Available Room (RevPAR) fell 2.4% YoY to $157. However, all three metrics of the hotel industry in Kuwait increased during January to April 2011; hotel occupancy grew 1.0 percentage points YoY to 60.0%, ADR 4.0% to $283 and RevPAR 6.7% to $171 compared to the previous corresponding period.Growing political unrest has been undermining the performance of the hotel industry in the Middle East. Although the number of tourists is expected to increase, the decline in average tourism spending would dent the overall tourism income in the region. To counter the risk of a potential loss and attract tourists, tour operators are now offering huge discounts on trips to major MENA countries, the report stated.The hotel industry in the MENA region recorded mixed results across the three metrics during April 2011, similar to the previous month. Hotel occupancy dipped 9.7 percentage points YoY to 59.0%, ADR increased 10.8% YoY to $176.82, while RevPAR was almost flat (up 0.1% YoY to $104.25).Abu Dhabi and Riyadh recorded a double-digit YoY increase in hotel occupancy during April 2011. Hotel occupancy rose 15.7 percentage points to 69.3% in Abu Dhabi and 17.0 percentage points to 73.8% in Riyadh over the previous corresponding period.Cairo, Egypt recorded the largest drop in occupancy rate, (down 52.1 percentage points YoY to 33.0%), followed by Muscat, Oman (down 20.3 percentage points YoY to 53.1%) in April 2011.
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Close
Sign in
Recover your password.
A password will be e-mailed to you.
- LOGIN / SIGN UP
- NEWS
- MARKETS
- SECTORS
- FEATURES
- Partner articles
- Airlines / Airports
- Car Rental
- Conferences
- Cruising (Ocean)
- Cruising (River)
- Destination Management (DMC)
- GDS / CRS
- Hotels & Resorts
- Hotel Management Company
- Hotel Technology
- HR / Appointments
- Insurance
- Meetings, Incentives, Conferencing, Exhibitions (MICE)
- Travel Agents (all)
- Travel Technology
- Tourism Boards
- Interviews
- Industry appointments
- Travel Bloggers
- Podcasts – Features
- Partner articles
- EVENTS
- JOBS
- TRAVEL GUIDES
- Destination NaJomtien BanAmphur BangSaray *NEW*
- จุดหมายปลายทาง นาจอมเทียน หาดบ้านอำเภอ บางเสร่ *NEW*
- South Australia Reward Wonders *NEW*
- Ponant Yacht Cruises and Expeditions
- Encore Tickets (Chinese Guide)
- Affordable Luxury in Thailand by Centara Hotels
- Rising Above the Oridinary by Conrad Bangkok
- The Best of Thailand
- IWTA SERIES
- IWTA AWARDS
Comments are closed.