LONDON—The Middle East/Africa region reported mixed results in the three key measurements reported in U.S. dollars for November 2009, according to data compiled by STR Global.
The region’s occupancy dropped by 8.2 percent to 68.1 percent; average daily rate increased 2.2 percent to US$178.28; and revenue per available room decreased 6.3 percent to US$121.49.
“The Middle East/Africa regional results are a diversity of performances for the month”, said STR Global Managing Director Elizabeth Randall. “The Middle East continued to report declines in all three performance measures dropping 16.9 percent in RevPAR. Southern Africa grew 12.2 percent to US$92.14, mostly attributable to a 27.5-percent increase in ADR (US$143.26).The FIFA World Cup is building momentum for South Africa and is going to be a great party in 2010. Looking at the year-to-date November results the Middle East/Africa region lost only 13.8 percent of RevPAR at US$95.63—the highest RevPAR for the world regions for the 11 months of this year”.
Performances of key countries in November (all monetary units in local currency):
|
Country
|
Occupancy
|
% change
|
ADR
|
% change
|
RevPAR
|
% change
|
|
Egypt
|
80.5%
|
-4.3%
|
EGP484.36
|
+6.2%
|
EGP389.87
|
+1.6%
|
|
Saudi Arabia
|
62.7%
|
+3.1%
|
SAR911.54
|
+13.9%
|
SAR571.85
|
+17.5%
|
|
South Africa
|
62.4%
|
-16.2%
|
ZAR859.65
|
+0.2%
|
ZAR536.76
|
-16.0%
|
|
United Arab Emirates
|
75.5%
|
-8.8%
|
AED1015.23
|
-21.3%
|
AED766.11
|
-28.3%
|
*percentages are increases/decreases for November 2009 vs. November 2008
View Global Hotel Review for November 2009.
About STR Global:
STR Global provides clients—including hotel operators, developers, financiers, analysts and suppliers to the hotel industry—access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, forecasts, annual profitability, pipeline and census information. STR Global is part of the STR family of companies and is proudly associated with STR, RRC and HotelNewsNow.com. For more information, please visit www.strglobal.com.
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