• Magazine Archive
  • Advertise With Us
  • Subscribe
  • Contact Us
Friday, March 5, 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 News

Middle East hotels outperforming rest of world

Crystal Chesters by Crystal Chesters
May 8, 2017
in News
A A

Hotels in the Middle East are performing better than those in all other regions of the world according to Philip Wooller, area director Middle East & Africa, STR, who spoke at the GM Leaders Conference on 3 May.

Philip Wooller, STR
Philip Wooller, STR

In 2016, the Middle East had 66.2% average occupancy, an average room rate of $174.6 and RevPar of $115.6.

Wooller commented: “If we look at occupancies, I like to compare the US (61%), Europe (63%), Asia-Pacific (68%), which have much, much lower average room rates.

“So, despite some of the challenging times we’ve seen in the region in the past two years, it is still performing at a much higher level than all the other regions.”

Wooller said that across the world, the industry is showing improving profitability in general and RevPar is “in positive territory,” but the Middle East is performing best in this area.

“RevPar for 2016 shows that the Middle East is performing at a much higher level. Asia-Pacific is operating at around $105, the US at $119 and the Middle East at $177.”

Wooller added that January, February and March of 2017 have shown a positive pattern when it comes to the supply-demand gap for the region, suggesting the market is recovering.

“When we look at January, February and March, you can see some positive spikes and the data is suggesting things have improved in the past three months,” said Wooller.

“Supply is up 5.1% and that’s year-to-date and demand is up 7.3% – that’s a really important number. Demand is outstripping supply.”

Wooller closed his session with some interesting statistics about Dubai.

He commented: “Dubai in terms of area is 117th in the world, in terms of population 104th, it’s the fourth most visited city on the planet and in terms of international visitor spend, it is number one, which is AED113 billion, 31% of which is spent on accommodation.

 

Tags: Dubai hotelshotel occupancyHotel performancemiddle east hotelsSTR

Related Posts

Gulfood 2021: Invest Northern Ireland
Catering

Gulfood 2021: Invest Northern Ireland

March 4, 2021
Kempinski Hotel Mall of the Emirates receives global health verification badge
Hotels

Kempinski Hotel Mall of the Emirates receives global health verification badge

March 4, 2021
Dubai-based HORECA community to help restaurants with cash flow challenges
Catering

Dubai-based HORECA community to help restaurants with cash flow challenges

March 4, 2021
Please login to join discussion

Trending

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021
Hotels

Radisson Hotel Group to expand with 30 hotel openings across EMEA in 2021

by Dina Maaty
March 3, 2021

Read more
Spoilt for Choice: Nakheel’s multi-venue dining concepts in Dubai
Catering

Spoilt for Choice: Nakheel’s multi-venue dining concepts in Dubai

by Dina Maaty
January 7, 2021

Read more
Dubai cancels permits for Ramadan tents in 2021
Catering

Dubai cancels permits for Ramadan tents in 2021

by Dina Maaty
March 3, 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