MEA regions posts positive occupancy growth: STR Global

MEA overall witnessed increase in occupancies
MEA overall witnessed increase in occupancies

The New Year has turned out positive for the Middle East/Africa region.

As per recent reports from STR Global, the region reported a positive year-over-year performance in two of the three major metrics during January 2015.

The region reported a 1.2% increase in occupancy to 62.8%, a one percent rise in revenue per available room to US$115.61 and a 0.2% decrease in average daily rate to US$184.08.

When looking at Northern Africa, there was a double-digit growth in RevPAR and occupancy, increasing by 24.2% and 14.8% respectively. Dubai posted declines across all three metrics.

“Despite continuous strong supply growth for Dubai (6.8%), occupancy levels managed to stay above 85% for January 2015; however, there were dips. Demand increased by 3.7% and continued to grow,” said Elizabeth Winkle, managing director, STR Global.

Despite declines in occupancy by -2.5%, ADR by minus four percent and RevPAR by-6.4%, Dubai still retained one of the highest RevPAR actuals (US$242.85) in the Middle East.

Interestingly, three key markets that reported double-digit occupancy increases were Cairo with 65.5% to 54.8%, Beirut with 34.9% to 47.1% and Doha with 11.8% to 83.2%. Amman reported the largest occupancy decrease, falling 20.8% to 42.5%. Doha however had the highest increase in ADR with 11.4% to US$207.25. Beirut followed with a 9.6% increase in ADR to US$166.57.

On the decline was Lagos with -11.6% to US$215.02 in ADR among the key markets. This was followed by three key markets that had double-digit RevPAR decreases – Amman with -21.1% to US$69.35, Lagos with -14.7% to US$109.23 and Nairobi with -12.9% to US$59.03.

You might also like

Comments are closed.

Join over 180,000 travel agents, professionals and executives subscribed to our daily newsletter.
You can unsubscribe at any time
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Do NOT follow this link or you will be banned from the site!