The hotel industry in the Middle East reported little movement during the second quarter of 2017, according to data from STR.
- Occupancy: -0.1% to 62.4%
- Average daily rate (ADR): +0.8% to US$169.67
- Revenue per available room (RevPAR): +0.6% to US$105.84
- Occupancy: +13.9% to 46.8%
- ADR: +67.2% to EGP1,217.52
- RevPAR: +90.5% to EGP569.5
“The occupancy growth in Egypt was due primarily to a comparison with a significantly low performance period during Q2 2016 (41.1%). Occupancy levels last year were greatly affected by the May 2016 EgyptAir plane crash and ensuing security concerns,” said an STR spokesperson.
“Since the end of 2016, the country has shown signs of recovery with double-digit occupancy increases in six of seven months.”
According to STR analysts, the spike in the country’s ADR is consistent with high inflation levels.
- Occupancy: +10.1% to 49.6%
- ADR: +2.6% to OMR58.30
- RevPAR: +13.0% to OMR28.89
“Despite the double-digit growth in Omani occupancy, the absolute value in the metric was the fourth-lowest for a Q2 in Oman since 2004,” said the spokesperson.
STR analysts note that increased occupancy during the Ramadan period compounded by the shift of Eid al-Fitr into Q2 this year contributed to the positive result.