
The Middle East/Africa region reported mixed year-over-year results when reported in U.S. dollars for March 2009, according to data compiled by STR Global.
The region’s occupancy dropped 11.0 percent to 66.3 percent; average daily rate decreased 5.6 percent to US$159.04; and revenue per available room decreased 16.0 percent to US$105.51.
“The pain continues for Egypt and Dubai, two of the biggest success stories in 2007 and 2008,” said James Chappell, managing director of STR Global. “Both markets fell heavily in RevPAR in March: Although Egypt’s year-to-date figures are slightly better at -12.5 percent, Dubai has lost over 30 percent in the first quarter of 2009.
“Abu Dhabi, Beirut and Jeddah are the three out of 11 cities reviewed by our Middle East Hotel Review, which grew their RevPAR in quarter one,” Chappell continued. “Beirut continued to recover from its low performance due to the political unrest in recent years. Abu Dhabi’s good Q1 performance was boosted by good results in the first two months of 2009, but, unfortunately, its March results were flat against last year.”
Highlights from key markets in the Middle East/Africa region (percentages are March 2009 vs. March 2008):
| Country | Occupancy | % change | ADR | % change | RevPAR | % change |
| Egypt | 70.1% | -16.9% | EGP445.93 | -0.7% | EGP312.56 | -17.5% |
| Saudi Arabia | 63.4% | +11.8% | SAR688.47 | +11.9% | SAR436.72 | +25.1% |
| South Africa | 64.9% | -13.0% | ZAR847.62 | +2.9% | ZAR550.45 | -10.5% |
| United Arab Emirates | 76.4% | -14.0% | AED944.60 | -24.3% | AED721.22 | -34.9% |
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