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STR Global: Middle East/Africa March results

1388
0
SHARES
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Middle East/Africa region reported a 3.8-percent increase in occupancy to 67.1 percent, a 5.4-percent increase in average daily rate to US$179.57 and a 9.5-percent increase in revenue per available room to US$120.52.
LONDON - The Middle East/Africa region reported positive performance results in March 2013 when reported in U.S. dollars, according to data compiled by STR Global. The region reported a 3.8-percent increase in occupancy to 67.1 percent, a 5.4-percent increase in average daily rate to US$179.57 and a 9.5-percent increase in revenue per available room to US$120.52.

During first-quarter 2013, the Middle East/Africa region’s occupancy rose 5.9 percent to 64.3 percent, its ADR was up 3.1 percent to US$179.10 and its RevPAR increased 9.2 percent to US$115.20.

“The region reported positive performance growth during the first quarter of the year”, said Elizabeth Winkle, managing director of STR Global. “Southern Africa was the only exception, reporting negative RevPAR growth during the first quarter. This is mostly due to a reduction in ADR of nearly 5.0 percent (in U.S. dollars). Northern African, though showing double-digit occupancy growth, is still reporting actual occupancy levels of below 50.0 percent”.

Highlights among the region’s key markets for March 2013 include (year-over-year comparisons, all currency in U.S. dollars):
  • Muscat, Oman, rose 18.0 percent in occupancy to 83.1 percent, reporting the largest increase in that metric. Doha, Qatar, followed with a 13.2-percent increase to 70.2 percent.
  • Amman, Jordan (-17.7 percent to 64.7 percent), and Beirut, Lebanon (-17.2 percent to 52.6 percent), reported the largest occupancy decreases.
  • Amman achieved the largest ADR increase, rising 12.7 percent to US$166.44, followed by Dubai, United Arab Emirates, with an 11.5-percent increase to US$294.00.
  • Beirut fell 21.4 percent in ADR to US$151.76, reporting the largest decrease in that metric.
  • Four markets experienced double-digit RevPAR increases: Muscat (+27.8 percent to US$211.14); Dubai (+14.2 percent to US$257.63); Doha (+12.4 percent to US$158.23); and Lagos, Nigeria (+10.0 percent to US$204.19).
  • Beirut fell 34.9 percent in RevPAR to US$79.89, posting the largest decrease in that metric.

Performances of key countries in March 2013 (all monetary units in local currency):

 

Occupancy

% change

ADR

% change

RevPAR

% change

Brazil

67.2%

-5.9%

BRL285.88

+8.1%

BRL192.05

+1.8%

Canada

58.5%

-1.5%

CAD127.43

+1.1%

CAD74.56

-0.3%

Mexico

66.0%

+5.2%

MXN1,614.07

+10.4%

MXN1,065.35

+16.2%

United States

63.7%

+0.4%

USD110.57

+4.2%

USD70.39

+4.6%



Photo caption: Crowne Plaza Duqm, in Oman
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