According to data compiled by STR Global, the
Middle East/Africa region reported positive performance results
during May 2014 when reported in U.S. dollars.
The region reported a 1.9% increase in occupancy
to 63.5%, a 3.1% increase in ADR to US$154.14, and a 5.1% increase
in RevPAR to US$97.94.
“Bahrain is currently showing the highest growth
in terms of occupancy (+27.8%), though the country is coming from
a low base in 2013,” said Elizabeth Winkle, managing director of
STR Global. “Despite the double-digit growth rate, Bahrain’s
occupancy is at 57.2%. Kuwait is leading the ADR increases in the
region, as the country rose 12.8% to KWD72.18. Egypt is still
seeing occupancy levels below 50.0%, while rate growth continues
to be muted. Kenya also is reporting negative occupancy and RevPAR
growth due to the recent events.”
“The Middle East has the
fastest growing pipeline in the world, with 99,199 rooms Under
Contract as of May,” Winkle added. “The United Arab Emirates
and Saudi Arabia have emerged with two of the most robust
pipelines in the Middle East, as these two countries combined make
up 70.0% of the rooms in the region’s pipeline.”
among the Middle East/Africa region’s key markets for May 2014
include (year-on-year comparisons, all currency in U.S.
- Manama, Bahrain, rose 29.7% in occupancy to
56.9%, achieving the largest increase in that metric. Doha, Qatar,
followed with a 13.0% increase to 75.8%.
- Lagos, Nigeria, fell
16.1% to 58.0% in occupancy, posting the largest decrease in that
- Amman, Jordan, achieved the only double-digit ADR
growth in May, up 13.8% to US$184.77.
- Riyadh, Saudi Arabia,
fell 6.1% in ADR to US$241.65, experiencing the largest decrease
in that metric.
- Manama (+28.8% to US$112.86) and Amman
(+21.1% to US$136.92) led the RevPAR increases.
decreased 20.9% in RevPAR to US$150.74, reporting the largest
decrease in that metric.
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