LONDON—The Middle East/Africa region reported mostly positive performance results in May 2012 when reported in U.S. dollars, according to data compiled by STR Global.
In May 2012, the region’s occupancy jumped 13.3 percent to 60.4 percent, its average daily rate fell 1.6 percent to US$146.32 and its revenue per available room rose 11.5 percent to US$88.39.
“Across the region, we saw strong growth in occupancy as travellers return to the countries impacted by the Arab Spring last year; average room rates remained under pressure”, said Elizabeth Randall, managing director of STR Global. “Interestingly, despite the ongoing dramatic situation across Syria, where we track nine hotels, occupancy increased by 72.5 percent, however this relates actually only to 7.9 percentage points growth to 18.7 percent occupancy achieved. This occupancy level is in line with recent months”.
Highlights among the region’s key markets for May 2012 include (year-over-year comparisons, all currency in U.S. dollars):
• Cairo, Egypt, reported the largest occupancy increase, rising 41.1 percent to 49.4 percent. Four other markets experienced occupancy increases of more than 20 percent: Muscat, Oman (+31.2 percent to 53.6 percent); Manama, Bahrain (+29.4 percent to 43.8 percent); Amman, Jordan (+25.9 percent to 72.1 percent); and Cape Town, South Africa (+20.2 percent to 54.8 percent).
• Riyadh, Saudi Arabia, fell 13.8 percent to 63.8 percent, posting the largest occupancy decrease, followed by Doha, Qatar, with an 11.6-percent decrease to 57.0 percent.
• Amman reported the only double-digit ADR increase, up 21.5 percent to US$172.09.
• Cape Town experienced the largest ADR decrease, falling 16.9 percent to US$105.21, followed by Cairo with a 12.4-percent decrease to US$97.55.
• Four markets achieved RevPAR increases of more than 25 percent: Amman (+53.0 percent to US$124.02); Manama (+37.2 percent to US$90.40); Jeddah, Saudi Arabia (+26.7 percent to US$176.20); and Muscat (+26.2 percent to US$99.83).
Performances of key countries in May 2012 (all monetary units in local currency):
|
Country
|
Occupancy
|
% change
|
ADR
|
% change
|
RevPAR
|
% change
|
|
Egypt
|
51.2%
|
+40.3%
|
EGP397.18
|
-4.0%
|
EGP203.20
|
+34.6%
|
|
Saudi Arabia
|
68.0%
|
+7.1%
|
SAR618.66
|
+1.7%
|
SAR420.75
|
+9.0%
|
|
South Africa
|
57.6%
|
+15.2%
|
ZAR857.71
|
+4.7%
|
ZAR493.95
|
+20.6%
|
|
United Arab Emirates
|
70.6%
|
+7.0%
|
AED640.43
|
+2.9%
|
AED452.20
|
+10.1%
|
*percentages are increases/decreases for May 2012 vs. May 2011
View Global Hotel Review for May.
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
