STR: Middle East/Africa hotel performance for Q2 2019
 
STR: Middle East/Africa hotel performance for Q2 2019
25 JULY 2019 8:38 AM

Middle East hotel occupancy rose 2.6% to 61.7% during the second quarter, while a 7.2% ADR drop to $147.44 brought down RevPAR 4.8% to $91.03. In Africa, occupancy rose 2.2% to 57.6%, ADR increased 4% to $106.53 and RevPAR rose 6.3% to $61.33.

LONDON—Hotels in the Middle East reported mixed second-quarter 2019 performance results, while hotels in Africa posted increases across the three key performance metrics, according to data from STR.

U.S. dollar constant currency, Q2 2019 vs. Q2 2018

Middle East

• Occupancy: +2.6% to 61.7%
• Average daily rate (ADR): -7.2% to US$147.44
• Revenue per available room (RevPAR): -4.8% to US$91.03

Africa

• Occupancy: +2.2% to 57.6%
• Average daily rate (ADR): +4.0% to US$106.53
• Revenue per available room (RevPAR): +6.3% to US$61.33

Local currency, Q2 2019 vs. Q2 2018

Casablanca, Morocco

• Occupancy: -7.6% to 58.8%
• ADR: -6.4% to MAD989.65
• RevPAR: -13.5% to MAD582.15

The absolute ADR and RevPAR levels were the lowest for a Q2 in STR’s Casablanca database. STR analysts note this is the first Q2 in Casablanca that showed a double-digit increase in supply (+15.0%)—performance levels were negatively affected as a result. When looking at individual months, May showed the market’s weakest performance across the three key performance metrics: occupancy (-27.8%), ADR (-12.3%) and RevPAR (-36.7%).

Dubai

• Occupancy: -0.9% to 67.1%
• ADR: -12.3% to AED513.73
• RevPAR: -13.1% to AED344.65

Supply has now outgrown demand in Dubai for six consecutive quarters. STR analysts note that the occupancy level was the lowest for a Q2 in Dubai since the time of the economic crisis in 2009, while the absolute ADR and RevPAR levels were the lowest since 2003. June was the strongest month of the quarter with a 30.5% increase in demand, which helped monthly performance levels.

Download STR's June 2019 global hotel review.

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