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STR: Middle East and Africa hotel performance for Q1 2019

April 29, 2019 Hotel Trends No Comments Email Email

Hotels in the Middle East reported mixed Q1 2019 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.http://www.stevecafeandcuisine.com/

U.S. dollar constant currency, Q1 2019 vs. Q1 2018

Middle East

  • Occupancy: +0.9% to 71.0%
  • Average daily rate (ADR): -8.8 to US$148.43
  • Revenue per available room (RevPAR): -7.9% to US$105.33

Africa

  • Occupancy: +1.2% to 59.4%
  • Average daily rate (ADR): +2.2% to US$116.64
  • Revenue per available room (RevPAR): +3.5% to US$69.31

Local currency, Q1 2019 vs. Q1 2018

Manama, Bahrain

  • Occupancy: +12.5% to 58.4%
  • ADR: +1.6% to BHD59.78
  • RevPAR: +14.3% to BHD34.93

Manama saw its first Q1 increase in RevPAR since 2014 as strong demand (+15.1%) outgrew supply (+2.3%) and boosted performance levels. March was the best month of the quarter with a 17.4% rise in occupancy and a 5.5% lift in ADR, which resulted in a 23.8% jump in RevPAR. STR analysts partially attribute that March performance to the F1 Grand Prix at the end of the month.

Cairo & Giza, Egypt

  • Occupancy: +6.8% to 78.2%
  • ADR: +6.1% to EGP1,762.14
  • RevPAR: +13.3% to EGP1,378.82

Group occupancy (+13.6%) pushed overall market occupancy for the quarter. STR analysts note that increased stability and government campaigns to boost tourism have aided hotel performance recovery in Egypt, with further efforts being planned to attract visitors from Asia and Latin America.

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