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STR Global: Middle East/Africa June results

July 25, 2013 Statistics & Trends No Comments Email Email

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

The region reported a 5.9-percent increase in occupancy to 61.8 percent, a 4.0-percent increase in average daily rate to US$141.21 and a 10.1-percent increase in revenue per available room to US$87.21.

During the first half of 2013, the region reported increases in all three key performance metrics. Its occupancy rose 4.9 percent to 63.7 percent, its ADR was up 2.9 percent to US$166.64 and its RevPAR increased 8.0 percent to US$106.19.

“Hotels in the Middle East/Africa region achieved an 8-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 percent, which is 10 percent lower than the same time last year, and an ADR of US$156.00, 21 percent lower than last year.

“Mauritius, which shares the Indian Ocean with other tropical paradises including the Seychelles, reported YTD occupancy of 63 percent which is a 6.9 percent decline from last year; however, ADR achieved US$227.00—an increase of 8.6 percent.”

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

* Doha, Qatar, rose 26.7 percent in occupancy to 63.2 percent, posting the largest increase in that metric, followed by Cairo, Egypt, with a 21.5-percent increase to 51.5 percent.
* Nairobi, Kenya (-3.8 percent to 63.8 percent), and Riyadh, Saudi Arabia (-3.6 percent to 54.1 percent), posted the largest occupancy decreases in June.
* Two markets experienced double-digit ADR growth: Jeddah, Saudi Arabia (+14.1 percent to US$260.01), and Muscat, Oman (+10.0 percent to US$168.26).
* Beirut, Lebanon (-18.4 percent to US$162.54), and Sandton, South Africa, and the surrounding areas (-11.4 percent to US$110.37), posted the largest ADR decreases for the month.
* Three markets achieved RevPAR growth of more than 20 percent: Muscat (+24.6 percent to US$98.27); Doha (+23.5 percent to US$119.52); and Cairo (+23.3 percent to US$52.56).
* Beirut fell 20.4 percent in RevPAR to US$88.80, posting the largest decrease in that metric.

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