From a tourism sustainability point of view, the coronavirus is both a blessing and a curse. On the bright side, it forces organizations to think about different (smarter?) ways to do business, making use of virtual options that do not require travel.
STR's preliminary January 2020 data for hotels in Jeddah indicates significant growth in demand and occupancy. Based on daily data from the month, Jeddah reported the following in year-over-year comparisons:
STR's preliminary December 2019 data for Abu Dhabi, United Arab Emirates, indicates strong room rates despite weakened demand.
Hotel bookings made well in advance, and some made at the very last minute, all culminated in hotels across the UAE posting record occupancy rates for New Year's Eve - a momentum that many hospitality experts say will carry over into the new year as the UAE gets ready to host Expo 2020 Dubai.
STR's preliminary November 2019 data for Dubai, United Arab Emirates, indicates strong demand but declining rates.Based on daily data from November, Dubai reported the following in year-over-year comparisons:
STR's preliminary September 2019 data for Abu Dhabi, United Arab Emirates, indicates significant growth in demand due to a strong events calendar. Based on daily data from September, Abu Dhabi reported the following in year-over-year comparisons:
STR's preliminary August 2019 data for Dubai, United Arab Emirates, indicates significant growth in both supply and demand. Based on daily data from August, Dubai reported the following in year-over-year comparisons:
Hotels in Israel saw another record performance in 2018 as the country experienced a lull in geo-political turmoil and a rise in incoming tourist numbers, according to our new report. Over the past few years, Israel has seen significant growth in its tourism sector. In 2017, the country welcomed well in excess of 3 million tourists for the first time in its history. In 2018, that number rose to 4.1 million, a year-on-year increase of more than 14%.
STR's preliminary July 2019 data for Jeddah, Saudi Arabia, indicates high occupancy but double-digit rate declines due to comparison with a strong 2018. Based on daily data from July, Jeddah reported the following in year-over-year comparisons:
STR's preliminary June 2019 data for Abu Dhabi, United Emirates, indicates high performance due to double-digit demand growth.Based on daily data from June, Abu Dhabi reported the following in year-over-year comparisons:
STR's preliminary May 2019 data for Jeddah, Saudi Arabia, indicates low performance consistent with the time of Ramadan.
STR's preliminary April 2019 data for Abu Dhabi, United Arab Emirates, indicates high demand and occupancy levels. Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:
STR's preliminary March 2019 data for Jeddah, Saudi Arabia, indicates a drop in room rates during low occupancy season.
STR's preliminary February 2019 data for Abu Dhabi, United Arab Emirates, indicates lower occupancy but significantly higher room rates. Based on daily data from February, Abu Dhabi reported the following in year-over-year comparisons:
Hotels in the Middle East reported negative January 2019 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, January 2019 vs. January 2018Middle East
STR's preliminary January 2019 data for Dubai, United Arab Emirates, indicates performance affected by a continued influx of new room inventory. Based on daily data from January, Dubai reported the following in year-over-year comparisons:
STR's preliminary December 2018 data for Dubai, United Arab Emirates, indicates performance consistent with significant growth in both supply and demand. Based on daily data from December, Dubai reported the following in year-over-year comparisons:
This year saw the "best" November in the history of Petra in terms of number of visitors, according to officials.
STR's preliminary November 2018 data for Jeddah, Saudi Arabia, indicates negative performance comparisons affected by continued supply growth. Based on daily data from November, Jeddah reported the following in year-over-year comparisons:
Israels hotel industry is on pace for a record-breaking year with average daily rate (ADR) as the main driver of performance, according to data from STR.Through the first 10 months of 2018, Israel posted an ADR of ILS806.28, which was a 7.8% increase when compared with the same 10 months in 2017. Additionally, that absolute ADR level was the highest for any October year-to-date time period in STRs Israel database. Solid growth in demand that began in 2016 has given hoteliers in the country the confidence to push room rateseven as the presence of the sharing economy continues to broaden, said Thomas Emanuel, STRs director of business development. Occupancy comparisons have been fairly flat thus far in 2018, but ADR increases continue to drive positive year-over-year developments in RevPAR. Over the past two years, both occupancy and ADR have been maintained at roughly 10% above the previous performance peak in the country. All of this points to a healthy marketplace overall. Israels occupancy was 70.1% through October (-0.4% year over year), while revenue per available room (RevPAR) was ILS565.26 (+7.4% year over year). The absolute occupancy level was the second-highest for the October year-to-date time period, while the RevPAR level was the highest.