MEA region hospitality industry gains momentum in June 2013: STR Global
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The Middle East and Africa region reported a 5.9% increase in occupancy to 61.8%, a 4.0% increase in average daily rate to US$141.21 and a 10.1% increase in revenue per available room to US$87.21. These statistics were part of the STR Global report on the Middle East and Africa for June 2013.
During the first half of 2013, the region reported increases in all three key performance metrics. Its occupancy rose 4.9% to 63.7%, its ADR was up 2.9% to US$166.64 and its RevPAR increased 8.0% to US$106.19.
“Hotels in the Middle East/Africa region achieved an eight percent RevPAR increase in the first part of 2013, growing both in occupancy and ADR terms,” said Elizabeth Winkle, managing director of STR Global. “Lebanon continues to suffer collateral damage due to its geographic proximity to Syria. Year-to-date June 2013 hotels in the capital of Beirut have achieved an occupancy level of 53%, which is 10% lower than the same time last year, and an ADR of US$156.00, 21% lower than last year,” she added.
Highlights
- Doha rose 26.7% in occupancy to 63.2%, posting the largest increase, followed by Cairo with a 21.5% increase to 51.5%.
- Nairobi witnessed a decline of -3.8% to 63.8%, and Riyadh saw-3.6% to 54.1% posting the largest occupancy decreases in June
- Two markets experienced double-digit ADR growth – Jeddah with +14.1% to US$260.01 and Muscat with +10.0% to US$168.26
- Beirut witnessed a decline of -18.4% to US$162.54 while Sandton and the surrounding areas saw a -11.4% decline to US$110.37 posting the largest ADR decrease for the month
- Three markets achieved RevPAR growth of more than 20%, these include Muscat with +24.6% to US$98.27; Doha with +23.5% to US$119.52 and Cairo with +23.3% to US$52.56
- Beirut fell 20.4% in RevPAR to US$88.80, posting the largest decrease
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