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STR: Middle East and Africa hotel performance for February 2018

March 24, 2018 Hotel Trends No Comments Email Email

Hotels in the Middle East reported negative February 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.http://www.lagunaphuket.com/foodandmusicfestival/

U.S. dollar constant currency, February 2018 vs. February 2017

Middle East

  • Occupancy: -0.7% to 70.5%
  • Average daily rate (ADR): -7.3% to US$161.96
  • Revenue per available room (RevPAR): -7.9% to US$114.26

Africa

  • Occupancy: +3.8% to 61.0%
  • Average daily rate (ADR): +7.3% to US$125.04
  • Revenue per available room (RevPAR): +11.4% to US$76.26

Local currency, February 2018 vs. February 2017

Kenya

  • Occupancy: +2.8% to 55.3%
  • Average daily rate (ADR): -2.0% to KES132.20
  • Revenue per available room (RevPAR): +0.7% to KES73.17

STR analysts credit demand (room nights sold) and occupancy growth in the country to further time removed from major political and security instability. However, the February occupancy level remained well below the historical average in the country. Supply growth (+3.4%) likely played a role in in the year-over-year ADR decrease.

Lebanon

  • Occupancy: -0.5% to 51.7%
  • ADR: +2.5% to LBP149.81
  • RevPAR: +2.0% to LBP77.53

The increase in ADR was the first for a February in Lebanon since 2015. According to STR analysts, security concerns continue to weigh on the country’s hotel performance. Demand, down 0.4% in February, has dropped year-over-year for four straight months. At the same time, supply growth has been minimal.

Oman

  • Occupancy: +4.0% to 73.7%
  • ADR: +1.7% to OMR174.85
  • RevPAR: +5.8% to OMR128.87

Demand reached an all-time high for a February in Oman. ADR has now increased for two consecutive months in the country after three straight years of mostly ADR declines.

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