According to the latest data compiled by STR
Global, the Middle East / Africa region’s hotel occupancy levels
in May 2009 dropped 11.5% year-on-year to 63.1%. The average daily
rate decreased 6.1% to US$145.67, while revenue per available room
decreased 17% to US$91.99.
“Although they have seen some
spectacular year-on-year decreases, the Middle East / Africa
region is still very strong compared with the other global
regions,” said James Chappell, managing director of STR Global.
“The region has the lowest RevPAR
decline and the highest actual RevPAR for the month of May and the
year-to-date May, compared with
Asia / Pacific,
The market has fallen 17%, posting US$92 RevPAR for the month and
US$100 RevPAR year-to-date, as hotels kept their average room
rates higher in the face of a strong drop in demand.”
the 26 markets and countries on our Middle East / Africa Hotel
Review, political stability in Kenya and Lebanon has seen the
hotel market come back strongly with 82% and 144% RevPAR increases
year-to-date,” Chappell added. “Jeddah, Abu Dhabi and Amman
also bucked the trend and reported RevPAR increases for the month
Highlights from key markets in the
Middle East/Africa region (percentages are May 2009 v May 2008):
• Beirut, Lebanon, reported the largest increase in both
occupancy (+148.4% to 71.4%) and RevPAR (+194.6% to US$118.89).
• Excluding Beirut, Jeddah, Saudi Arabia, was the only market to
experience an increase in occupancy, which rose 5.5% to 71.4%.
• Muscat, Oman, was down in occupancy 23.7% to 52.1%, reporting
the largest decrease in that metric.
• Amman, Jordan,
experienced the largest increase in ADR, rising 21.6% to
US$162.22. Beirut was the only other market to experience a
double-digit increase in ADR, up 18.6% to US$166.40.
markets reported ADR decreases of more than 25%: Dubai, United
Arab Emirates (-30.3% to US$211.41) and Istanbul, Turkey (-26.4%
• Three markets reported RevPAR decreases of
more than 25%: Dubai (-40.4% to US$140.65); Istanbul (-36.3% to
US$148.87); and Muscat (-28.6% to US$116.22).
other recent news regarding:
|United Arab Emirates
increases/decreases for May 2009 vs. May 2008.