STR Global announces Middle East/Africa hotel results for 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".

Highlights among the region's key markets for September 2012 include (year-over-year comparisons, all currency in U.S. dollars):
• Cairo, Egypt (+24.6% to 52.3%), and Muscat, Oman (+20.8% to 59.0%), reported the largest occupancy increases.
• Amman, Jordan, reported the only double-digit ADR increase, rising 10.1% to $156.07.
• Amman (+22.3% to $105.87) and Sandton, South Africa, and the surrounding areas (+18.2% to $84.30), reported the largest RevPAR increases.
• Beirut posted the largest decrease in all three key performance metrics. The markets occupancy fell 40.1% to 42.7%, its ADR was down 27.5% to $166.36 and its RevPAR decreased 56.6% to $71.11.