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MEA hotels occupany levels drop in June

LONDON, July 24, 2015

Middle East and Africa hotels have reported an 8.2 per cent decrease in occupancy, a 4.2 per cent increase in average daily rates (ADR) and a 4.4 decrease in revenue per available room (RevPar), according to recent data.

The June 2015 data compiled by STR Global showed mixed results in the three key performance metrics, as compared to the same period last year.

Qatar reported double-digit declines in occupancy (-21.0 per cent to 59.2 per cent) and RevPAR (-18.5 per cent to QR388.64/$106.6).

The ADR in the country was up 3.2 per cent to QR656.32. The performance declines in Qatar coincided with Ramadan.

Abu Dhabi reported decreases in each of the three key performance metrics: occupancy (-10.2 per cent to 60.9 per cent), ADR (-3.7 per cetn to Dh389.42/$105.9) and RevPAR (-13.5 per cent to Dh237.26). The performance decrease in the market were consistent with Ramadan.

Meanwhile, Dubai recorded a 15.4 per cent decrease in occupancy to 63.2 per cent, an 8.8 per cent drop in ADR to Dh577.85 and a 22.9% per cent decline in RevPAR to Dh365.16.

The occupancy in Dubai remained steady during Ramadan when compared to Ramadan last year, even with a 6.2 per cent year-over-year increase in year-to-date supply.

Jordan also saw declines in each of the three key performance metrics - occupancy (-31.7 per cent to 43.6 per cent), ADR (-6.2 per cent to JOD101.48/$142.7) and RevPAR (-35.9 per cent to JOD44.28).

According to STR Global analysts, the situation in Syria and the number of refugees entering Jordan has affected hotel performance in the country. - TradeArabia News Service




Tags: Middle East | Africa | hotels | performance | MEA | STR |

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