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MEA occupancy rose 5.4% to 60.7%
- Middle East: Monday, October 29 - 2012 at 08:03
According to data compiled by STR Global, the Middle East/Africa region has reported mixed performance results in September 2012. The region's occupancy increased 5.4% to 60.7% during the month, its average daily rate fell 1.7% to $137.76 and its revenue per available room grew by 3.6% to $83.63. "Beirut, Lebanon, experienced two very different sides to this year," said Elizabeth Randall Winkle, managing director of STR Global. "The first five months saw double-digit RevPAR increases and the last four months saw falling RevPAR results. September, unfortunately, reported the highest declines so far with RevPAR falling 56.5% compared to September 2011. Recent events and unrests will provide further challenges to the city's residents and guests." Cairo (+24.6% to 52.3%), and Muscat (+20.8% to 59.0%), reported the largest occupancy increases. Amman reported the only double-digit ADR increase, rising 10.1% to $156.07, the report said.
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