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Middle East hotels see double digit growth

STR Global has said Middle East hoteliers have reported improving occupancy and average room rates (ADR) boosted by double-digit demand growth for the first half of 2012, Saudi Gazette has reported. The region's occupancy increased 8.7% to 58.2% during the month, its ADR fell 1.8% to $136.16 and its RevPAR rose 6.8% to $79.22. "The occupancy and average room rate for the first half of 2012 is, however, still behind its peak performance of the first six months in 2008," said Elizabeth Randall, managing director at STR Global. "For the first six months of 2008, the region achieved 70.9% occupancy and rate of $235.64. The region saw the highest increase in new room supply compared to the other world regions since 2008," she said.