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December 23, 2010

MEA Hotels Performance Improves

Hotel performance improved in three key parameters in the Middle East and Africa (MEA) in November 2010, according to a new report by STR Global. The report revealed that the region's occupancy increased by 2.4% to 69.8%, while the average daily rate rose 3.1% to $182.05, an

By cms admin

Hotel performance improved in three key parameters in the Middle East and Africa (MEA) in November 2010, according to a new report by STR Global.

The report revealed that the region’s occupancy increased by 2.4% to 69.8%, while the average daily rate rose 3.1% to $182.05, and revenue per available room (revPAR) went up by 5.5% to $127.14.

Abu Dhabi, UAE, experienced the largest occupancy increase of 33.6% to 76%.

Two markets reported double-digit increases: Jeddah, Saudi Arabia, increased by 11% to $197.76, and Beirut rose by 10.6% to $255.74.

Beirut dropped 10.3% in occupancy to 67.3%, the only double-digit fall.

Abu Dhabi recorded the largest ADR decrease of 16.6% to $260.41, followed by Dubai, UAE, which dropped 11.7% to $254.63.

Three markets achieved double-digit revPAR increases: Muscat, Oman, was up by 14% to $197.39, Abu Dhabi rose by 11.3% to $197.97 and Jeddah saw an increase of 10.2% to $136.67.

Dubai’s revPAR fell by 11.6% to $208.75, the largest decrease.

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