According to the latest report from STR Global, Hotels in the Middle East & Africa region reported positive results in the three key performance metrics when reported in U.S. dollar constant currency, according to September 2015 data compiled by STR Global.
Compared to September 2014, the Middle East. Africa region reported a 0.1% increase in occupancy to 64.9%, a 13.2% rise in average daily rate to $158.98 and a 13.2% increase in revenue per available room to $103.25.
Bahrain reported a 7.8% increase in occupancy to 59.3% as well as double-digit growth in ADR and RevPAR(+27.4% to BHD53.96. According to STR Global analysts, the upswing in year-over-year performance came as a result of an earlier Eid al-Adha. Demand growth (+19.8%) outpaced supply growth (+11.2%), and hotels capitalised with higher rates.
Jordan saw occupancy drop 1.1% to 53.9%. However, ADRand RevPAR each increased. Jordan’s hotel industry has been affected by political unrest in the region. STR Global analysts note that international arrivals in the country are declining for the third consecutive year with Middle Eastern and European tourists accounting for a vast portion of the decrease. The slight upswing in September ADR and RevPAR came as a result of Eid al-Adha.
Cairo, Egypt, posted double-digit increases in each of the three key performance metrics. Occupancy increased 10.9% to 57.3%; ADR was up 13.3% to EGP875.04; and RevPAR rose 25.7% to EGP500.97. STR Global analysts attribute the performance to the return of international visitors to Egypt after the political unrest of late 2013 and early 2014. Travel resulting from Eid al-Adha also aided performance in the market.
Johannesburg, South Africa, saw a 4.7% increase in occupancy to 63.2%, a 7.8% rise in ADR to ZAR859.66 and a 12.9% increase in RevPAR to ZAR543.48. Year-to-date ADR growth (+10.8%) continues to drive performance in the market, while a high supply growth rate has affected absolute occupancy.