STR Global Posts Middle East/Africa November 2009 Results

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 Elizabeth Randall, managing director of STR Global. “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):

*percentages are increases/decreases for November 2009 vs. November 2008