According to data compiled by STR Global, the
Middle East / Africa region’s occupancy rates in August 2009
dropped 18.2% to 59.2%; ADR decreased 3.7% to US$133.31; and
RevPAR decreased 21.2% to US$78.89.
“With Ramadan taking
place 21 August-19 September 2009, the Middle East /Africa region
dropped 21% in RevPAR for August falling for the first time
Europe and the
Americas in terms of monthly RevPAR
declines,” said Elizabeth Randall, managing director of STR
Global. “We expect this to be a temporary position. For the
year-to-date the region still showed the least declines of all
four regions. The RevPAR for most Middle Eastern markets suffered
from double-digit occupancy declines as business slowed down.”
Highlights from key markets in the Middle East/Africa region
(percentages are August 2009 vs. August 2008):
Saudi Arabia, was the only market to report a single-digit
occupancy decrease, falling 1.3% to 75.4%.
Muscat, Oman, reported the largest occupancy decrease, falling
38.2% to 35.4%, followed by Riyadh, Saudi Arabia,
with a 31.5% decrease to 38.8%.
• Three markets
experienced double-digit ADR increases: Beirut, Lebanon (+29.6% to US$279.26); Jeddah (+10.6% to US$184.48); and
Cape Town, South Africa (+10.0% to US$110.74).
United Arab Emirates, posted the largest ADR decrease, falling
21.9% to US$156.73. Cairo, Egypt, also reported a
double-digit ADR decrease, falling 16.2% to US$127.03.
Two markets reported RevPAR increases: Jeddah (+9.2% to
US$139.13) and Beirut (+6.5% to US$209.07).
markets experienced RevPAR declines of more than 30%:
Muscat (-38.5% to US$60.50); Cairo (-36.5% to
US$73.10); Dubai (-33.6% to US$100.46); and Riyadh (-30.1% to US$80.67).
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