LONDON—The Middle East/Africa region reported mostly positive performance results in April 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In April 2012, the region’s occupancy jumped 10.0 percent to 63.9 percent, its average daily rate fell 3.6 percent to US$172.56 and its revenue per available room rose 6.1 percent to US$110.33.
“Northern Africa continued to report strong bounces off weaker occupancy performance last year”, said Elizabeth Randall, managing director of STR Global. “The Middle East put in a solid performance with the fifth month of consecutive occupancy growth supported by eight months of consecutive demand improvements. Whilst Southern Africa as a region reported RevPAR declines in USD for the month and year to date, South Africa is continuing to see growth and reported RevPAR increases in local currency for the same time frames”.
Highlights among the region’s key markets for April 2012 include (year-over-year comparisons, all currency in U.S. dollars):
- Manama, Bahrain, jumped 69.5 percent in occupancy to 42.5 percent, reporting the largest increase in that metric, followed by Cairo, Egypt, with a 67.8-percent increase to 52.5 percent.
- Abu Dhabi, United Arab Emirates (-13.5 percent to 59.7 percent), and Riyadh, Saudi Arabia (-11.3 percent to 65.5 percent), posted the largest occupancy decreases for the month.
- Manama rose 30.4 percent in ADR to US$242.35, reporting the largest increase in that metric, followed by Dubai, United Arab Emirates, with a 10.7-percent increase to US$281.91.
- Two markets experienced double-digit ADR decreases: Cape Town, South Africa (-14.6 percent to US$123.63), and Cairo (-13.0 percent to US$100.56).
- Four markets experienced RevPAR increases of more than 25 percent: Manama (+121.1 percent to US$103.10); Cairo (+46.1 percent to US$52.76); Amman, Jordan (+30.7 percent to US$116.02); and Muscat, Oman (+27.5 percent to US$174.93).
- Riyadh ended the month with the largest RevPAR decrease, falling 16.7 percent to US$175.40, followed by Abu Dhabi with a 14.0-percent decrease to US$98.45.
View the global hotel review for April.
Media contacts:
Konstanze Auernheimer
Director of Marketing & Analysis
STR Global
KAuernheimer@strglobal.com
+44 (0)207 922 1961
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
