Middle East Reports Decline in Hotel Occupancy

10th July 2011 (Last Updated July 10th, 2011 18:30)

Hotel occupancy in the Middle East fell by 1.8% during May 2011 compared with the corresponding period in 2010 to stand at 60.4%, according to data from Deloitte and STR Global. The region's revenue per available room (revPAR) declined by 3.6% to $107 during the month compared with $108

Hotel occupancy in the Middle East fell by 1.8% during May 2011 compared with the corresponding period in 2010 to stand at 60.4%, according to data from Deloitte and STR Global.

The region’s revenue per available room (revPAR) declined by 3.6% to $107 during the month compared with $108 in Europe, $89 in Asia Pacific and $64 in the Americas.

In Dubai, hotel occupancy during May increased by 0.7% to reach 69.9% and revPAR increased by 2% to reach $133.

Abu Dhabi’s occupancy stood at 64.2% compared with 54.7% last year, but its revPAR stood at $93, a fall from the $102 reported during the corresponding period in 2010, the report said.

Hotels in Beirut reported an occupancy rate of 56.9% during May compared with 69.1% during the corresponding period in 2010, and revPAR fell by 26.6% to $108.

Jeddah’s occupancy increased by 1.9% to stand at 69.5% compared with a year ago, while revPAR rose by 8% to reach $136 compared with $126.

Hotel occupancy in Muscat declined by 18.8% to stand at 40.8% during May compared with 50.3% in 2010, while revPAR decreased by 22% to $79.

Cairo’s hotel occupancy was 34.4% during May, down by 47.6% compared with 65.6% during the corresponding period in 2010, while revPAR fell by 49.3% to $41.