Mixed January 2009 Results for Hotels in Middle East / Africa Region

The Middle East / Africa region reported mixed year-over-year results when reported in U.S. dollars for January 2009, according to data compiled from STR Global.

The region’s occupancy dropped 13.7% to 55.4%; ADR increased 6.9% to US$173.28; and RevPAR decreased 7.7% to US$95.98.

Highlights from key individual markets in the Middle East / Africa region include (percentages are January 2009 vs. January 2008):

• Beirut, Lebanon, was the only market to report increases in all three key performance measurements, rising 24.1% in occupancy to 52.6%, 28.4% in ADR to US$168.94, and 59.5% in RevPAR to US$88.84.

• Amman, Jordan, and Tel Aviv, Israel, reported decreases in occupancy of more than 20%, down 22.9% to 41.4% and 43% to 41.4%, respectively.

• Markets reporting ADR increases of more than 25% include: Abu Dhabi, United Arab Emirates (+28.6% to US$360.78); Beirut (+28.4% to US$168.94); Jeddah, Saudi Arabia (+42.9% to US$177.85); and Muscat, Oman (+39.5% to US$330.43).

• Three markets reported RevPAR increases of more than 20%: Beirut (+59.5% to $88.84); Jeddah (+35.2% to US$112.85); and Muscat (+24.3% to US$223.98).

• The largest decreases in RevPAR were reported by Cape Town, South Africa (-35.3% to US$63.20) and Tel Aviv (-40.7% to US$76.69).

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