The Middle East/Africa region reported mixed performance results during November 2013 when reported in U.S. dollars, according to data compiled by STR Global.
The region reported a 1.7% decrease in occupancy to 64.6%, a 6.8% increase in average daily rate to $180.88 and a 4.9-percent increase in revenue per available room to $116.78.
“In the Middle East & Africa region, demand is outpacing supply on a rolling 12-month basis, achieving 3.7% and 2.7% growth, respectively. RevPAR has been driven by rate, with a 3.4% growth in U.S. dollar terms. The region’s performance is mostly driven by Middle Eastern markets of Abu Dhabi, Dubai, Manama and Muscat, which all posted double-digit RevPAR growth year-to-date November 2013 in local currency terms”, said Elizabeth Winkle, STR Global’s managing director.
Highlights among the region’s key markets for November 2013 include (year-over-year comparisons, all currency in U.S. dollars):
• Beirut, Lebanon, reported the largest occupancy increase, rising 22.3% to 43.2%. Amman, Jordan, followed with a 14.2% increase to 67.8%.
• Cairo, Egypt, fell 39.3% in occupancy to 33.0%, posting the largest decrease in that metric.
• Dubai, United Arab Emirates, rose 9.9% in ADR to $290.68, reporting the largest increase in that metric.
• Doha, Qatar (-18.0% to $181.23), ended the month with the largest ADR decrease.
• Five markets achieved RevPAR increases of more than 10 percent: Amman (+19.3% to $105.97); Beirut (+19.2% to $64.36); Manama, Bahrain (+15.2% to $100.67); Dubai (+12.7 percent to $254.18); and Abu Dhabi, United Arab Emirates (+10.4% to $171.70).
• Cairo fell 43.3% in RevPAR to $33.74, posting the largest decrease in that metric.