Mixed results for MEA hotels: STR Global
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The recent report by STR Global reported mixed results for the Middle East and Africa region.
The region reported a three percent increase in occupancy to 65.1%, a 5.7% drop in average daily rate to US$142.54 and a 2.9% decrease in revenue per available room to US$92.81.
As per the report, Northern Africa posted largest increase in occupancy with 15.6% to 61.6% and only increase in RevPAR with 8.7% to US$53.96. None of the sub-regions in MEA showed an increase in ADR. Subsequently, Southern Africa reported largest declines in ADR with -9.8% to US$110.14 and RevPAR with -7.5% to US$65.10.
Egypt experienced highest increases in all three key performance measurements. Occupancy was up 29.7% to 62.6%, ADR rose 14.4% to US$75.78 and RevPAR increased 48.3% to US$47.43.
Zimbabwe was the only other country to report a double-digit increase in RevPAR, up 12.5% to US$47.52. Occupancy in Zimbabwe increased five percent to 48.1%, and its ADR rose 7.2% to US$98.89. Jordan experienced a large decrease in occupancy, down 11.5% to 58.2%.
Morocco also reported a decline in ADR with -18.4% to US$102.18 and RevPAR at -22.3% to US$64.68.
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