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:
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.
STR's preliminary October 2018 data for Dubai, United Arab Emirates, indicates performance levels affected by continued supply growth.
LONDON — STR's preliminary September 2018 data for Abu Dhabi, United Arab Emirates, indicates supply outpacing demand.
STR's preliminary August 2018 data for Jeddah, Saudi Arabia, indicates strong demand and performance growth.Based on daily data from August, Jeddah reported the following in year-over-year comparisons:
STR's preliminary July 2018 data for Dubai, United Arab Emirates, indicates performance consistent with strong growth in both supply and demand. Based on daily data from July, Dubai reported the following in year-over-year comparisons:
STR's preliminary June 2018 data for Jeddah, Saudi Arabia, indicates positive performance. Based on daily data from June, Jeddah reported the following in year-over-year comparisons:
STR's preliminary June 2018 data for Abu Dhabi, United Arab Emirates, indicates strong demand growth. Based on daily data from June, Abu Dhabi reported the following in year-over-year comparisons:
As Dubai gears up for Expo 2020, the hospitality sector should be considering what will come next.
The United Arab Emirates remains one of the strongest and fastest-growing hospitality markets on the planet, fueled in large part by the glamorous desert oasis of Dubai. This is perhaps one of the main reasons that the country's hospitality industry has long been the domain of upscale and luxury brands.
STR's preliminary April 2018 data for hotels in Jeddah, Saudi Arabia, indicates negative overall performance due to a jump in supply. Based on daily data from April, Jeddah reported the following in year-over-year comparisons:
STR's preliminary April 2018 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels and lower room rates. Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons: