Global Travel Media » Blog Archive » STR: Middle East and Africa hotel performance for November 2019

Home » Hotel Trends » Currently Reading:

STR: Middle East and Africa hotel performance for November 2019

December 24, 2019 Hotel Trends No Comments Email Email


Hotels in the Middle East reported mixed November 2019 performance results, while hotels in Africa posted positive results across the three key performance metrics, according to data from STR.

U.S. dollar constant currency, November 2019 vs. November 2018

Middle East

  • Occupancy: +3.4% to 72.1%
  • Average daily rate (ADR): -5.9% to US$146.47
  • Revenue per available room (RevPAR): -2.6% to US$105.56

Africa

  • Occupancy: +0.4% to 68.1%
  • Average daily rate (ADR): +0.2% to US$110.95
  • Revenue per available room (RevPAR): +0.6% to US$75.60

Market Focus, Local currency

Riyadh, Saudi Arabia

  • Occupancy: +34.6% to 82.8%
  • ADR: +11.1% to SAR685.91
  • RevPAR: +49.5% to SAR568.19

Pushed by a 55.0% increase in demand, the absolute occupancy level is the highest for a November in Riyadh since 2007. STR analysts note that Saudi Arabia has seen a positive shift in hotel performance due to Saudi Vision 2030, a plan focused on diversifying the economy from being highly oil-reliant and focusing on public sectors, such as tourism growth.



Comment on this Article:







Time limit is exhausted. Please reload CAPTCHA.

Platinium Partnership

ADVERTISEMENTS

Elite Partnership Sponsors

ADVERTISEMENTS

Premier Partnership Sponsors

ADVERTISEMENTS

Official Media Event Partner

ADVERTISEMENTS

Global travel media endorses the following travel Publication

ADVERTISEMENTS

GLOBAL TRAVEL MEDIA VIDEOS

ADVERTISEMENTS

%d bloggers like this:
%d bloggers like this:
sitemap