MEA occupancy, ADR and RevPAR all drop
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The Middle East/Africa region reported negative year-over-year results in the three major performance metrics during April 2015 when reported in U.S. dollars, according to data compiled by STR Global.
The region reported a 0.4-percent decrease in occupancy to 66%, a 4.6% drop in average daily rate to US $168.47 and a 5% fall in revenue per available room to $111.45.
When looking at the three Middle East/Africa subregions, Northern Africa posted the only increases for any of the three performance metrics. The subregion experienced an 11.4% increase in occupancy to 57.6% and a 10.2% increase in RevPAR to $51.34.
Amongst the key countries in the region, Egypt experienced the highest increases in all three key performance measurements. Occupancy in the country was up 16% to 59.8%; ADR rose 14.5% to $80.46; and RevPAR increased 32.8% to $48.14. The performance increases in Egypt can be attributed to low year-over-year comparable and the country’s continued economic recovery from the Arab Spring.
Doha, Qatar, posted the only double-digit increase in ADR, up 12.3% to $201.08. Doha saw an influx of visitor arrivals for the first quarter of 2015 related to Gulf Cooperation Council events in the market.
Muscat, Oman, saw the largest drop in ADR, down 14.4% to $232.64.
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