Middle East/Africa hotel results for September 2011 | STR Reports
The Middle East/Africa region reported mixed results in the three key performance metrics during September 2011 when reported in U.S. dollars, according to data compiled by STR Global. The region ended the month virtually flat with a 0.1-percent increase in occupancy to 58.4 percent, a 1.5-percent fall in average daily rate to US$140.89, and a 1.3-percent decrease in revenue per available room to US$82.34.
The Middle East/Africa region reported mixed results in the three key performance metrics during September 2011 when reported in U.S. dollars, according to data compiled by STR Global.
The region ended the month virtually flat with a 0.1-percent increase in occupancy to 58.4 percent, a 1.5-percent fall in average daily rate to US$140.89, and a 1.3-percent decrease in revenue per available room to US$82.34.
"After consecutive monthly declines in occupancy since February 2011, the metric finally reported a slight increase in the region, driven by improving conditions in the Middle East and Southern Africa", said Elizabeth Randall, managing director of STR Global. "The slight increase in occupancy levels came through increased demand with a 3-percent growth for the month, which was the third month this year with demand growth. July and January were the other two months this year with demand increases of 1.5 percent and 7.4 percent, respectively".
Highlights among the region's key markets for September include (year-over-year comparisons, all currency in U.S. dollars):
- Riyadh, Saudi Arabia, achieved the highest increase in occupancy, rising 40.5 percent to 58.9 percent, followed by Muscat, Oman, with a 13.9-percent increase to 48.8 percent.
- Cairo, Egypt, fell 30.9 percent in occupancy to 41.9 percent, reporting the largest decrease in that metric.
- Riyadh reported the only double-digit ADR increase, rising 12.6 percent to US$267.06.
- Sandton, South Africa, and the surrounding areas, fell 17.4 percent in ADR to US$116.78, posting the largest decrease in that metric, followed by Beirut, Lebanon, with a 15.7-percent decrease to US$243.60.
- Riyadh jumped 58.2 percent in RevPAR to US$157.27, experiencing the largest increase in that metric, followed by Dubai with a 20.4-percent increase to US$135.10.
- Two markets ended the month with double-digit RevPAR decreases: Cairo (-39.6 percent to US$48.58) and Cape Town, South Africa (-12.7 percent to US$60.98).