This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Find out more here  Close
STR Global: MEA results for February
March 25 2013

The region reported a 6.4% increase in occupancy to 66.4%; a 2.9% increase in ADR to $176.55; and a 9.5% increase in RevPAR to $117.24.

LONDON—The Middle East/Africa region reported positive performance results in February 2013 when reported in U.S. dollars, according to data compiled by STR Global.

The region reported a 6.4-percent increase in occupancy to 66.4 percent, a 2.9-percent increase in average daily rate to US$176.55 and a 9.5-percent increase in revenue per available room to US$117.24.

“The Middle East/Africa region reported positive performance increases across the board”, said Elizabeth Winkle, managing director of STR Global.

“Dubai in particular reported significant increases in both supply and demand within the Luxury segment, illustrating the market’s appetite for these hotels”, she added. “However, the emirate’s Upper Midscale, Midscale and Economy segments collectively saw the highest ADR growth in both February and year-end 2012 data.”

Highlights among the region’s key markets for February 2013 include (year-over-year comparisons, all currency in U.S. dollars):

  • Three markets experienced double-digit occupancy increases: Abu Dhabi, United Arab Emirates (+18.3 percent to 76.4 percent); Muscat, Oman (+16.2 percent to 83.0 percent); and Cape Town, South Africa (+13.1 percent to 83.6 percent).
  • Amman, Jordan, fell 31.9 percent in occupancy to 53.6 percent, posting the largest decrease in that metric.
  • Jeddah, Saudi Arabia, increased 10.3 percent in ADR to US$227.49, reporting the only double-digit increase in that metric.
  • Beirut, Lebanon, reported the largest ADR decrease, falling 19.8 percent to US$156.07.
  • Four markets achieved double-digit RevPAR increases: Abu Dhabi (+24.2 percent to US$143.41); Muscat (+15.8 percent to US$205.47); Jeddah (+10.5 percent to US$179.95); and Dubai, United Arab Emirates (+10.4 percent to US$238.36).
  • Amman (-25.8 percent to US$83.83) and Beirut (-25.6 percent to US$83.27) reported the largest RevPAR decreases for the month.

View the global hotel review for the month of February.

Media contacts:

Naureen Ahmed
Manager, Marketing & Analysis
STR Global
NAhmed@strglobal.com
+44 (0)207 922 1965

Jeff Higley
VP, Digital Media & Communications
jeff@str.com
+1 (615) 824-8664 ext. 3318

Rachael Spann Urie
Director, Public Relations
rurie@str.com
+1 (615) 824-8664 ext. 3305
 

COMMENTS   Show All
Login or enter a name   Post Your Comment  Check to follow this thread via email alerts (must be logged in)
(4000 characters max)

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.

TRENDING
Airbnb casts a long-term shadow
13 hotelier takeaways for year 2020
Investors shift as Starwood’s review rolls on
Hoteliers embrace the Age of Authenticity
How to create a better comp set
How to use your revenue management toolkit
VIDEO
The hotel industry’s most overused clichés
Apple stays true to its core post IPO
MCR pursuing smart hotel development
Deconstructing a guest review
With every great opportunity? A challenge
LATEST NEWS
Hoteliers, associations slam NLRB decision
3 ways to make the most of the Pope’s US visit
Another record year for hotel fees, surcharges
Experts discuss whether to bundle resort fees
5 things to know about July performance
Freitag’s 5: July marks 5 years’ RevPAR growth
Contact Us
Hotel News Now
18500 Lake Rd.
Suite 310
Rocky River, Ohio 44116
        
Copyright © 2004 - 2015 Hotel News Now, a division of STR, Inc. All Rights Reserved.   Privacy