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STR Global: Middle East/Africa September 2013 results

October 25, 2013 Statistics & Trends No Comments Email Email

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

The region reported a 4.2-percent decrease to 58.1 percent in occupancy, a 7.0-percent increase to US$145.81 in average daily rate and a 2.5-percent increase  to US$84.78 in revenue per available room.

Year-to-date September 2013, the region’s occupancy rose 1.7 percent to 60.5 percent; its ADR was up 3.3 percent to US$160.82; and its RevPAR increased 5.1 percent to US$97.35.

“Year to date, the Middle East is the only sub-region reporting positive results across all key performance indicators when measured in U.S. dollar terms”, said Elizabeth Winkle, managing director of STR Global. “GCC nations United Arab Emirates and Bahrain are two of the main drivers of this, as both are reporting strong year-to-date performance”.

Highlights among the region’s key markets for September 2013 include (year-over-year comparisons, all currency in U.S. dollars):
* Doha, Qatar, rose 22.7 percent to 66.0 percent in occupancy, reporting the largest increase in that metric. Abu Dhabi, United Arab Emirates, followed with a 12.5-percent increase to 67.4 percent.
* Cairo, Egypt, reported the largest occupancy decrease, falling 52.8 percent to 24.7 percent.
* Jeddah, Saudi Arabia, rose 11.5 percent to US$238.96 in ADR, achieving the largest increase in that metric.
* Beirut, Lebanon (-13.1 percent to US$144.20), and Sandton, South Africa, and the surrounding areas (-12.3 percent to US$109.53) posted the largest ADR decreases for the month.
* Four markets experienced double-digit RevPAR increases: Dubai, United Arab Emirates (+16.9 percent to US$148.07); Doha (+14.9 percent to US$117.10); Jeddah (+13.1 percent to US$188.94); and Muscat, Oman (+10.3 percent to US$120.92).
* Cairo fell 57.7 percent to US$23.71 in RevPAR, reporting the largest decrease in that metric.

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

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