Middle East January data from STR Global
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The Middle East/Africa region reported mixed year-over-year results when reported in U.S. dollars for January 2009, according to data compiled from STR Global.
The region’s occupancy dropped 13.7 percent to 55.4 percent; ADR increased 6.9 percent to US$173.28; and RevPAR decreased 7.7 percent to US$95.98.
Highlights from key individual markets in the Middle East/Africa region include (percentages are January 2009 vs. January 2008):
- Beirut, Lebanon, was the only market to report increases in all three key performance measurements, rising 24.1 percent in occupancy to 52.6 percent, 28.4 percent in ADR to US$168.94, and 59.5 percent in RevPAR to US$88.84.
- Amman, Jordan, and Tel Aviv, Israel, reported decreases in occupancy of more than 20 percent, down 22.9 percent to 41.4 percent and 43.0 percent to 41.4 percent, respectively.
- Markets reporting ADR increases of more than 25 percent include: Abu Dhabi, United Arab Emirates (+28.6 percent to US$360.78); Beirut (+28.4 percent to US$168.94); Jeddah, Saudi Arabia (+42.9 percent to US$177.85); and Muscat, Oman (+39.5 percent to US$330.43).
- Three markets reported RevPAR increases of more than 20 percent: Beirut (+59.5 percent to $88.84); Jeddah (+35.2 percent to US$112.85); and Muscat (+24.3 percent to US$223.98).
- The largest decreases in RevPAR were reported by Cape Town, South Africa (-35.3 percent to US$63.20) and Tel Aviv (-40.7 percent to US$76.69).
Performances of key countries in January (all monetary units in local currency):
Country | Occupancy | % change | ADR | % change | RevPAR | % change |
Egypt | 54.3% | -22.0% | EGP477.42 | +15.4% | EGP259.12 | -10.0% |
Israel | 43.6% | -30.3% | ILS533.98 | +17.2% | ILS233.05 | -18.3% |
Saudi Arabia | 49.5% | -8.7% | SAR723.90 | +25.8% | SAR358.06 | +14.9% |
South Africa | 56.3% | -10.3% | ZAR824.33 | +6.2% | ZAR464.04 | -4.7% |
United Arab Emirates | 68.3% | -16.6% | AED1122.52 | -5.5% | AED766.26 | -21.2% |
*percentages are increases/decreases for January 2009 vs. January 2008
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