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STR Global: Middle East/Africa August 2013 results

September 25, 2013 Statistics & Trends No Comments Email Email

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

The region reported a 3.7-percent increase in occupancy to 56.1 percent, a 0.8-percent decrease in average daily rate to US$154.99 and a 2.9-percent increase in revenue per available room to US$86.97.

“The shift of Ramadan from July last year to August this year continued to affect the region’s performance, specifically in the Middle East”, said Elizabeth Winkle, managing director of STR Global. “Most of the Middle East markets saw double-digit occupancy growth during the month of August”.

Highlights among the region’s key markets for August 2013 include (year-over-year comparisons, all currency in U.S. dollars):
* Amman, Jordan, reported the largest occupancy increase, rising 41.0 percent to 60.9 percent. Doha, Qatar, followed with a 35.6-percent increase to 54.2 percent.
* Cairo, Egypt, fell 45.7 percent in occupancy to 20.6 percent, posting the largest decrease in that metric.
* Dubai, United Arab Emirates, rose 8.6 percent in ADR to US$199.09, reporting the largest increase in that metric.
* Cape Town, South Africa (-10.8 percent to US$92.51) and Sandton, South Africa, and the surrounding areas (-10.6 percent to US$105.91), ended the month with the largest ADR decreases.
* Four markets achieved RevPAR increases of more than 30 percent: Amman (+41.4 percent to US$97.69); Doha (+38.4 percent to US$99.55); Dubai (+33.7 percent to US$145.14); and Manama, Bahrain (+31.2 percent to US$88.42).
* Cairo fell 48.5 percent in RevPAR to US$20.69, posting the largest decrease in that metric.

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