• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Thursday, February 25, 2021
  • Login
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect
No Result
View All Result
Hotel News ME
No Result
View All Result
Home Hotel News ME

Middle East experiences negative performance results for February

Patrick Ryan by Patrick Ryan
March 22, 2018
in Hotel News ME, News
A A

Hotels in the Middle East reported negative February 2018 performance results, that is according to data released by STR.

Muscat, Oman
Muscat, Oman

It was not all doom and gloom though as Lebanon experienced an increase in February rates for the first time since 2015.

There was good news for Oman as well, where demand reached an all-time high for February.

Lebanon

  • Occupancy: -0.5% to 51.7%
  • ADR: +2.5% to LBP149.81
  • RevPAR: +2.0% to LBP77.53

The increase in ADR was the first for a February in Lebanon since 2015. According to STR analysts, security concerns continue to weigh on the country’s hotel performance. Demand, down 0.4% in February, has dropped year-over-year for four straight months. At the same time, supply growth has been minimal.

Oman

  • Occupancy: +4.0% to 73.7%
  • ADR: +1.7% to OMR174.85
  • RevPAR: +5.8% to OMR128.87

Demand reached an all-time high for a February in Oman. ADR has now increased for two consecutive months in the country after three straight years of mostly ADR declines.

Middle East

  • Occupancy: -0.7% to 70.5%
  • Average daily rate (ADR): -7.3% to US$161.96
  • Revenue per available room (RevPAR): -7.9% to US$114.26
Tags: Hotel News Middle EastHotelslebanonmiddle eastomanSTR

Related Posts

Nestlé Professional MENA: Making Delicious Possible with Chef Guarav Mahajan
Catering

Nestlé Professional MENA: Making Delicious Possible with Chef Guarav Mahajan

February 25, 2021
Nestlé Professional MENA: Making Delicious Possible with Chef Manal Ashraf
Catering

Nestlé Professional MENA: Making Delicious Possible with Chef Manal Ashraf

February 25, 2021
Accor sees ‘significant recovery’ in all regions in Q3 2020
Hotels

Accor sees ‘significant recovery’ in all regions in Q3 2020

February 25, 2021
Please login to join discussion

Trending

On the Daily: Marea Dubai Executive Chef Yunus Emre Aydın
Catering

On the Daily: Marea Dubai Executive Chef Yunus Emre Aydın

by Dina Maaty
February 21, 2021

Read more
UAE’s Sharjah Chamber, Tunisian Consulate discuss ways to promote cooperation
Hotels

UAE’s Sharjah Chamber, Tunisian Consulate discuss ways to promote cooperation

by Dina Maaty
February 18, 2021

Read more
Conrad Abu Dhabi Etihad Towers appoints new executive team
Appointments

Conrad Abu Dhabi Etihad Towers appoints new executive team

by Dina Maaty
February 23, 2021

Read more

Digital Magazine

Hotel News ME

Copyright © 2021
BNC Publishing. All Rights Reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Hotels
  • Catering
  • Reviews
  • Suppliers
  • People
  • Videos
  • Events
    • GM Leaders Conference
      • Conference 2020
    • Leaders in Hospitality Awards
      • Awards 2021
    • Leaders in F&B Awards
      • Awards 2019
    • The Big F&B Forum
      • Forum 2019
    • Executive Housekeepers Conference
  • Business Connect

Copyright © 2021
BNC Publishing. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In