LONDON—The Middle East/Africa region reported decreases in all three key performance metrics during June 2011 when reported in U.S. dollars, according to data compiled by STR Global.
The region ended the month with a 9.7-percent decrease in occupancy to 54.1 percent, average daily rate fell 4.3 percent to US$141.10, and revenue per available room ended the month with a 13.6-percent decrease to US$76.32.
“As South Africa hosted the FIFA World Cup in June and July 2010, the results for June this year consequently are showing declines against last year”, said Elizabeth Randall, managing director of STR Global. “Southern Africa reports a 35-percent RevPAR decrease, followed by Northern Africa with a 26-percent RevPAR decrease for the month. The Middle East (excluding Egypt) continued to report occupancy improvements with stable ADR results highlighting the strengthening of recovery across the region”.
Highlights among the region’s key markets for June include (year-over-year comparisons, all currency in U.S. dollars):
• Two markets reported double-digit occupancy increases: Jeddah, Saudi Arabia (+12.8 percent to 78.2 percent), and Dubai, United Arab Emirates (+12.0 percent to 70.0 percent).
• Sandton, South Africa, and the surrounding areas, reported the largest decreases in all three key performance metrics. Occupancy fell 35.0 percent to 55.7 percent, ADR dropped 48.2 percent to US$140.85, and RevPAR decreased 66.3 percent to US$78.50.
• Jeddah reported the largest increases in ADR (+12.0 percent to US$214.83) and RevPAR (+26.4 percent to US$168.06).
Performances of key countries in June (all monetary units in local currency):
|
Country
|
Occupancy
|
% change
|
ADR
|
% change
|
RevPAR
|
% change
|
|
Egypt
|
41.1%
|
-34.2%
|
EGP404.51
|
+3.0%
|
EGP166.25
|
-32.2%
|
|
Saudi Arabia
|
62.1%
|
+8.5%
|
SAR646.47
|
+15.4%
|
SAR401.71
|
+25.2%
|
|
South Africa
|
51.7%
|
-22.4%
|
ZAR789.42
|
-45.9%
|
ZAR408.46
|
-58.0%
|
|
United Arab Emirates
|
65.0%
|
+10.1%
|
AED544.86
|
-1.9%
|
AED353.95
|
+8.1%
|
*percentages are increases/decreases for June 2011 vs. June 2010
View Global Hotel Review for June.
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
