A study of revenue per available room (RevPar) across the region showed Dubai recorded the highest rate of growth in 2012. "Dubai strengthened its positiion as the regional hotels and hospitality leader," Jones Lang Lasalle Hotels Middle East & North Africa executive vice president Stewart Coggans said. "Dubai has [benefitted from] the economic recovery in source markets." He said he expected double-digit RevPar growth will continue Dubai in 2012.
"Bahrain lost almost half of its hotel performance in 2011," Coggans said. "It looks unlikely there will be any return to growth this year."
"Muscat suffered a fall in visitor volume last year" Coggans said. "Muscat has a relatively small pool of international hotels so any additions to the market have bigger RevPar implictions."
"The Doha market remains finely balance and I remain nervous about the performance this small market can deliver," Coggans said.
"Syria and Cairo experienced a massive decline in 2011," Coggans said. RevPar in Damascus fell more than 60%; Cairo by almost 50%; Beirut by more than 20% and Amman by more than 10%, Coggans said.
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StaffSunday, April 29 - 2012 at 10:55 UAE local time (GMT+4)
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