STR: Middle East/Africa Hotel Data For January 2020
Middle East hotel occupancy rose 8.1% to 73.3% in January, and despite a 2.6% decline to $148.57, RevPAR rose 5.3% to $108.90. Africa's hotel occupancy rose 2.4% to 54.7% during the month, ADR increased 3.2% to $119.59 and RevPAR rose 5.7% to $65.41.
LONDON - Hotels in the Middle East reported mixed January 2020 performance results, while hotels in Africa posted positive results across the three key performance metrics, according to data from STR.
U.S. dollar constant currency, January 2020 vs. January 2019
Middle East
- Occupancy: +8.1% to 73.3%
- Average daily rate (ADR): -2.6% to US$148.57
- Revenue per available room (RevPAR): +5.3% to US$108.90
Africa
- Occupancy: +2.4% to 54.7%
- Average daily rate (ADR): +3.2% to US$119.59
- Revenue per available room (RevPAR): +5.7% to US$65.41
Local currency, January 2020 vs. January 2019
Jeddah, Saudi Arabia
- Occupancy: +31.8% to 63.5%
- Average daily rate (ADR): -9.4% to SAR600.15
- Revenue per available room (RevPAR): +19.4% to SAR381.38
The absolute occupancy level was the highest for a January in Jeddah since 2016, while the ADR level was the lowest for a January since 2008. STR analysts attribute the year-over-year spike in occupancy to the midyear school break (2-18 January), which was celebrated in December during the last academic year.
Dar es Salaam, Tanzania
- Occupancy: -16.4% to 33.5%
- Average daily rate (ADR): -1.9% to TZS246,861.40
- Revenue per available room (RevPAR): -18.1% to TZS82,661.18
The absolute occupancy level was the lowest for any month in STR's Dar Es Salaam database. STR analysts note the role of supply growth (+9.7%) in the low occupancy in addition to a drop in demand (-8.3%).
Download STR's January 2020 global hotel review.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
Rebeca Vélez Mínguez
Communications Executive
+44 203 890 0056 ext. 0056
STR
