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STR: Middle East and Africa hotel performance for April 2017

May 29, 2017 Hotel Trends No Comments Email Email

The hotel industries in the Middle East and Africa each posted growth in the three key performance metrics during April 2017, according to data from STR.http://eventscrm.ttgasia.com/ttg2017/itcma/buyer/itcma_buyer.asp?code=GlobalTravelMedia

U.S. dollar constant currency, April 2017 vs. April 2016

Middle East

  • Occupancy: +7.3% to 75.7%
  • Average daily rate (ADR): +2.8% to US$176.60
  • Revenue per available room (RevPAR): +10.3% to US$133.75

April marked the first month since September 2014 that the Middle East registered year-over-year increases in each of the three key performance metrics.

Africa

  • Occupancy: +5.3% to 58.2%
  • Average daily rate (ADR): +11.6% to US$108.40
  • Revenue per available room (RevPAR): +17.6% to US$63.11

Local currency, April 2017 vs. April 2016

Kuwait

  • Occupancy: +16.2% to 69.5%
  • ADR: +1.2% to KWD69.84
  • RevPAR: +17.6% to KWD48.53

This was the first month of ADR growth for Kuwait hotels since July 2016. STR analysts note that daily results showed considerable year-over-year increases in occupancy during the first 10 days of the month as Saudi Arabia school holidays drove an increase in leisure travelers to Kuwait.

Oman

  • Occupancy: +15.4% to 68.1%
  • ADR: +5.7% to OMR67.06
  • RevPAR: +22.0% to OMR45.69

Performance was boosted by the Oman Pediatric & Neonatal Conference, held 13-15 April in Muscat. Oman’s RevPAR increased more than 40% each day during the event. For the entire month, hotels in Regional Oman managed to outperform the capital by posting 43.6% growth in RevPAR. STR analysts attribute this to a significant increase (+91.5%) in group demand (bookings of 10 or more at once).

United Arab Emirates

  • Occupancy: +7.2% to 83.5%
  • ADR: +6.3% to AED705.32
  • RevPAR: +13.9% to AED588.64

STR analysts note that Emirates hotels experienced considerable uplift in transient demand. At the market level, Dubai recorded a 17.6% increase in RevPAR, compensating for a 6.5% RevPAR decline in Abu Dhabi. Significant growth was seen in the Upscale and Upper Midscale classes.

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