ASIA Travel

Hotel Performance in Middle East / Africa during June 2009

Search ASIA Travel Tips .com Latest Travel News Send to Friend Friday, 31 July 2009

The hotel industry in the Middle East Africa region suffered declines in all three key measurements in year-on-year results when reported in U.S. dollars for June 2009.

 According to data compiled by STR Global, the region’s occupancy dropped 11.7% to 59.6%, the ADR decreased 2.8% to US$138.23, and RevPAR decreased 14.2% to US$82.38.

“The Middle East / Africa region experienced a 14.2%RevPAR drop in June, the lowest decrease of all regions, followed by the Americas, Asia Pacific and then Europe”, said James Chappell, managing director of STR Global. “Different pictures emerge when looking at the individual markets. Amman, Beirut and Cape Town reported double-digit RevPAR increases for June in local currency, which were mainly driven by rate increases. South Africa has started to benefit from the Confederation Cup and the build up for the FIFA World Cup next year.”

Highlights from Key Markets in the Middle East / Africa Region (percentages are June 2009 vs. June 2008)

• Cape Town, South Africa, reported the largest occupancy increase, up 3.3% to 51.1%, followed by Beirut, Lebanon, with a 2% increase to 55.7%.

• Muscat, Oman, dropped 31.3% in occupancy to 40.4%, posting the largest decrease in that metric. Riyadh, Saudi Arabia, also reported a decrease of more than 20%, falling 20.3% to 63.5%.

• Four markets experienced double-digit ADR increases: Beirut (+28.3% to US$210.24); Johannesburg/Pretoria, South Africa (+18% to US$120.57); Amman, Jordan (+17.6% to US$149.72); and Cape Town (+10.6% to US$111.61).

• Istanbul, Turkey, reported the largest ADR decrease, down 24.3% to US$211.30, followed by Dubai, United Arab Emirates, with a 22.4% decrease to US$166.13.

• Beirut posted the largest RevPAR increase, jumping 30.9% to US$117.20. Amman (+15.6% to US$96.96) and Cape Town (+14.2% to US$57.08) also reported double-digit RevPAR increases.

• Three markets experienced RevPAR declines of more than 25%: Dubai (-33.9% to US$107.24); Istanbul (-33.1% to US$145.83); and Muscat (-26.4% to US$77.36).

See other recent news regarding: Airlines, Aviation, Flights, First Class, Business Class, GDS, Miles, Hotels, Promotions, Spas, New Hotels, Visitor Arrivals, Cruises, Free Deals, STR, Performance, Traffic, June 2009

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
Latest Travel News
Copyright © 1997-2018