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STR Global: Middle East/Africa March 2015 Results

May 2, 2015 Statistics & Trends No Comments Email Email

The Middle East/Africa region reported positive year-over-year results in two of the three major performance metrics during March 2015 when reported in U.S. dollars, according to data compiled by STR Global. region reported a 3.2-percent increase in occupancy to 68.7 percent and a 0.7-percent rise in revenue per available room to US$118.04. Average daily rate, however, decreased 2.3 percent to US$171.82.

When looking at the three Middle East/Africa sub-regions, Northern Africa posted the top increases in all three performance metrics when reported in U.S. dollars. The sub-region experienced a 15.1-percent increase in occupancy to 52.2 percent, an 8.9-percent increase in ADR to US$93.49 and a 25.3-percent rise in RevPAR to US$48.78

Amongst the key countries in the region, Egypt experienced the highest increases in both ADR (+32.9 percent to US$86.64) and RevPAR (+61.5 percent to US$45.28).

Lebanon saw the highest increase in occupancy, up 27.0 percent to 48.5 percent. The country’s demand has increased for 11 consecutive months after the Gulf Cooperation Council lifted travel advisories in May 2014.

Morocco reported the steepest declines in both RevPAR (-23.4 percent to US$64.11) and ADR (-23.6 percent to US$109.83).

Highlights among the Middle East/Africa region’s key markets for March 2015 include (year-over-year comparisons, all currency in U.S. dollars):

  • Cairo, Egypt, reported the largest increase in occupancy, up 38.2 percent to 51.6 percent. Beirut, Lebanon, followed with a 26.7-percent increase to 49.0 percent.
  • Amman, Jordan, experienced the largest decrease in occupancy, down 18.0 percent to 54.6 percent.
  • Doha, Qatar (+11.4 percent to US$207.22) and Manama, Bahrain (+9.6 percent to US$219.69) posted the largest increases in ADR.
  • Muscat, Oman, saw the largest drop in ADR, down 9.2 percent to US$228.06.
  • Two markets reported RevPAR increases of more than 30.0 percent: Cairo, Egypt (+41.2 percent to US$53.84) and Beirut (+31.9 percent to US$72.98).
  • Amman experienced the largest decrease in RevPAR, down 20.3 percent to US$88.20.

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