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STR: Middle East and Africa hotel performance for August 2018

September 25, 2018 Hotel Trends No Comments Email Email


Hotels in both the Middle East and Africa posted growth across the three key performance metrics in August 2018, according to data from STR.http://www.itb-asia.com/press/media-services/accreditation/

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

Middle East

  • Occupancy: +2.0% to 63.4%
  • Average daily rate (ADR): +12.2% to US$169.63
  • Revenue per available room (RevPAR): +14.5% to US$107.50

Africa

  • Occupancy: +2.2% to 63.1%
  • Average daily rate (ADR): +10.8% to US$115.36
  • Revenue per available room (RevPAR): +13.2% to US$72.77

Local currency, August 2018 vs. August 2017

Nairobi, Kenya

  • Occupancy: +59.2% to 56.5%
  • ADR: -4.9% to KES11,559.25
  • RevPAR: +51.4% to KES6,529.02

Demand (room nights sold) jumped 83.1% in the market—marking the eighth consecutive month with a year-over-year increase in the metric. According to STR analysts, Nairobi is recovering from the effects of the 2017 presidential elections and associated incidents of violence which likely discouraged visitors. According to The World Travel & Tourism Council, the number of international visitors to Kenya is expected to reach 1.4 million for total-year 2018.

Manama, Bahrain

  • Occupancy: +17.2% to 60.4%
  • ADR: +7.5% to BHD63.50
  • RevPAR: +26.0% to BHD38.33

Demand growth (+26.9%) was in the double digits for the third consecutive month, and absolute occupancy reached its highest level for an August in the market since 2008. STR analysts note that year-over-year performance comparisons were enhanced by the calendar shift to an earlier Eid al-Adha than 2017.



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