MEA hotel occupancies record positive growth
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The recent report by STR Global for the Middle East and Africa region reported positive results for July 2015.
Compared to last year, the Middle East/Africa region reported a 12.1% increase in occupancy to 55.1%, a 5.3% rise in average daily rate to US$159.10 and an 18.1% increase in revenue per available room to US$87.69.
Kenya reported double-digit growth in three key performance metrics such as occupancy with 11.0% to 61.0%, ADR at 20.4% to KES 15,346.94 and RevPAR at 33.6% to KES 9,354.16. Lebanon experienced double-digit increases for occupancy at 45.1% to 56.3% and RevPAR at 57.8% to LBP 152,558.34. ADR in the country was up 8.8% to LBP270,939.91.
Saudi Arabia subsequently reported a 0.7% increase in occupancy to 59.1%, a 1.2% rise in ADR to SAR1,260.93 and a 1.9% increase in RevPAR to SAR745.84. The 59.1% occupancy level was Saudi Arabia’s highest for July since 2012. A contributing factor was the performance in Makkah. During the final 10 days of Ramadan, Makkah occupancy rose to 82.8%, and ADR increased to SAR3,061.88.
The UAE posted double-digit increases in occupancy with 24.1% to 57.6% and RevPAR at 23.6% to AED307.46, while ADR in UAE was down 0.4% to AED533.88. Overall for the two months in which Ramadan occurred, occupancy in UAE increased year-over-year by 1.9% to 59.4%. Combined ADR for June and July was down 4.5% to AED523.8, and RevPAR dropped 3.2% to AED310.60.
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