Mixed hospitality performance for August: STR Global
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Recent statistics from STR Global on the Middle East and Africa region reported mixed performance for August 2013. The region reported a 3.7% increase in occupancy to 56.1%, a 0.8-percent decrease in average daily rate to US$154.99 and a 2.9% increase in revenue per available room to US$86.97.
“The shift of Ramadan continued to affect the region’s performance, specifically in the Middle East. Most of the Middle East markets saw double-digit occupancy growth during the month of August,” said Elizabeth Winkle, managing director of STR Global.
Amman reported the largest occupancy increase, rising 41.0% to 60.9%. Doha followed with a 35.6% increase to 54.2%. Cairo fell 45.7% in occupancy to 20.6%, posting the largest decrease in that metric. Dubai rose 8.6% in ADR to US$199.09, reporting the largest increase. Cape Town was a -10.8% to US$92.51 and Sandton and surrounding areas were -10.6% to US$105.91, ended the month with the largest ADR decreases.
Four markets achieved RevPAR increases of more than 30%: Amman was +41.4% to US$97.69; Doha was +38.4% to US$99.55; Dubai was +33.7% to US$145.14 and Manama was +31.2% to US$88.42. Cairo fell 48.5% in RevPAR to US$20.69, posting the largest decrease.
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