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Middle East/Africa May results

June 26, 2013 Statistics & Trends No Comments Email Email

The Middle East/Africa region reported positive performance results during May 2013 when reported in U.S. dollars, according to data compiled by STR Global.

The region reported a 4.1-percent increase in occupancy to 62.7 percent, a 5.5-percent increase in average daily rate to US$152.29 and a 9.8-percent increase in revenue per available room to US$95.50.

“With the exception of Southern Africa, the Middle East/Africa region is posting the highest RevPAR growth in U.S. dollar terms among the four major global regions”, said Elizabeth Winkle, managing director of STR Global. “Morocco, one of the few countries to avoid the Arab Spring, is currently reporting the highest demand growth year-to-date 2013 of 20 percent. May YTD 2013 data for Morocco shows a notable increase in occupancy (17.1 percent) and overall RevPAR (5.7 percent) but a decrease in ADR (-9.7 percent)”.

Highlights among the region’s key markets for May 2013 include (year-over-year comparisons, all currency in U.S. dollars):

  • Muscat, Oman, reported the largest occupancy increase, rising 23.0 percent to 66.3 percent, followed by Doha, Qatar (+15.7 percent to 66.2 percent), and Abu Dhabi, United Arab Emirates (+12.4 percent to 64.7 percent).
  • Jeddah, Saudi Arabia (+17.5 percent to US$250.23), and Dubai, United Arab Emirates (+10.5 percent to US$216.22) experienced the largest ADR increases.
  • Four markets achieved double-digit RevPAR increases: Muscat (+24.9 percent to US$119.52); Dubai (+18.8 percent to US$173.09); Jeddah (+17.2 percent to US$206.62); and Abu Dhabi (+13.4 percent to US$87.94).
  • Beirut, Lebanon, reported the largest decrease in all three key performance metrics. The market’s occupancy fell 12.0 percent to 55.2 percent, its ADR dropped 17.3 percent to US$159.41 and its RevPAR decreased 27.2 percent to US$87.91.

Performances of key countries in May 2013 (all monetary units in local currency): 

Country

Occupancy

% change

ADR

% change

RevPAR

% change

Egypt

53.5%

5.0%

EGP480.19

24.9%

EGP256.77

31.1%

Saudi Arabia

64.8%

-4.8%

SAR665.55

+8.3%

SAR431.33

+3.2%

South Africa

58.1%

+0.8%

ZAR918.18

+7.6%

ZAR533.28

+8.5%

United Arab Emirates

75.1%

+7.4%

AED693.30

+8.9%

AED520.75

+16.9%

*percentages are increases/decreases for May 2013 versus May 2012

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