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STR Global: MEA results for June 2010
23 July 2010

Deloitte & Touche

LONDON -- The Middle East/Africa region reported favourable results in the three key performance measurements for June 2010 when reported in U.S. dollars, according to data compiled by STR Global.

The region’s occupancy rose 1.7 percent to 59.2 percent, average daily rate increased 14.3 percent to US$151.00, and revenue per available room grew 16.3 percent to US$89.37.

“The first six months of 2010 saw a mixed performance across Middle East/Africa”, said Elizabeth Randall, managing director of STR Global. “Africa’s improving results boosted the region’s overall performance, ending year-to-date with a 2.6-percent RevPAR increase.

“The Middle East was the only sub region globally that still saw both occupancy and ADR declines for the first half. Nonetheless, Middle Eastern hotels still achieved the highest ADR (US$201) and RevPAR (US$125) of all the global sub regions”, Randall continued. “As the addition of new supply entering the Middle East hasn’t majorly slowed down over the past 18 months, showing a 10 percent increase year-to-date, the increasing demand (+8 percent YTD) had a harder time flittering through into growing occupancy and ADR growth”.

Highlights among the region’s key markets for June include (year-over-year comparisons, all currency in U.S. dollars):

View Global hotel review for June 2010.

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 Associates, STR Analytics, and HotelNewsNow.com. For more information, please visit www.strglobal.com.

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