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Middle East/Africa January 2014 results

February 27, 2014 Statistics & Trends No Comments Email Email

The Middle East/Africa region reported positive performance results during January 2014 when reported in U.S. dollars, according to data compiled by STR Global.

The region reported a 3.3-percent increase in occupancy to 62.0 percent, a 4.8-percent increase in average daily rate to US$187.15 and an 8.2-percent increase in revenue per available room to US$115.96.

“The total region started 2014 off well”, said Elizabeth Winkle, managing director of STR Global. “All three key performance metrics were positive, driven by performance in the Middle East. Oman and Saudi Arabia showed positive occupancy, while the United Arab Emirates continued to report positive rate growth. There is still instability in the region, but overall there are signs of improvement. Jordan is now showing some performance growth”.

Highlights among the Middle East/Africa region’s key markets for January 2014 include (year-over-year comparisons, all currency in U.S. dollars):
* Four markets reported double-digit occupancy increases: Amman, Jordan (+19.2 percent to 54.5 percent); Doha, Qatar (+17.1 percent to 75.1 percent); Cape Town, South Africa (+13.3 percent to 73.0 percent); and Abu Dhabi, United Arab Emirates (+12.8 percent to 73.4 percent).
* Nairobi, Kenya, fell 25.0 percent to 42.6 percent in occupancy, reporting the largest decrease in that metric.
* Dubai, United Arab Emirates, achieved the only double-digit ADR growth, rising 12.8 percent to US$308.64.
* Sandton, South Africa, and the surrounding areas fell 16.3 percent to US$98.68 in ADR, posting the largest decrease in that metric.
* Amman rose 21.1 percent to US$88.41 in RevPAR, experiencing the largest increase in that metric. Abu Dhabi followed with a 15.6-percent increase to US$112.97.
* Beirut, Lebanon (-26.2 percent to US$53.04) and Cairo, Egypt (-25.6 percent to US$33.61), reported the largest RevPAR decreases.

For complete media releases with table, open the attached Word document.

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