LONDON—The Middle East/Africa region reported positive performance results during April 2013 when reported in U.S. dollars, according to data compiled by STR Global.
The region reported a 3.4-percent increase in occupancy to 65.7 percent, a 0.7-percent increase in average daily rate to US$171.29 and a 4.0-percent increase in revenue per available room to US$112.46.
“Muscat reported the strongest RevPAR year-to-date growth (+15.2 percent) in the region”, said Elizabeth Winkle, managing director of STR Global. “The factors for performance include strong occupancy growth of 14.0 percent to 77.3 percent, while an already solid ADR increased 1.1 percent to US$248. Oman has benefitted from tremendous interest from the corporate sector with significant infrastructure investment and projects such as Duqm Port. The corporate demand is coupled with strong leisure business which is up 25.0 percent.
“Beirut has struggled the first four months of the year with RevPAR declines of (-31.0 percent)”, Winkle continued. “Lebanon’s tourism industry continues to suffer because of the political instability in Syria and has recently appealed to its Gulf Cooperation Council neighbours to lift the travel advisory to Gulf Nationals”.
Highlights among the region’s key markets for April 2013 include (year-over-year comparisons, all currency in U.S. dollars):
Manama, Bahrain, rose 21.5 percent in occupancy to 51.7 percent, reporting the largest increase in that metric. Abu Dhabi, United Arab Emirates, followed with a 20.0-percent occupancy increase to 70.7 percent.
Cairo, Egypt (-17.3 percent to 44.1 percent), and Amman, Jordan (-16.0 percent to 66.9 percent), reported the only double-digit occupancy decreases.
Jeddah, Saudi Arabia (+12.3 percent to US$232.19), and Amman (+10.8 percent to US$161.40) achieved the largest ADR increases during April.
Two markets experienced RevPAR increases of more than 15 percent: Manama (+18.5 percent to US$122.76) and Lagos, Nigeria (+16.6 percent to US$190.63).
Beirut reported the largest decreases in both ADR (-20.9 percent to US$155.08) and RevPAR (-27.7 percent to US$88.08) for the month.
View the global hotel review for the month of April.
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