Saturday, Aug 27, 2016

Dubai: Hotels in the Middle East posted mixed results, while those in Africa recorded increases in revenue in July, according to the latest report from research firm STR Global.

The Middle East recorded a 4.8 per cent rise in occupancy to 58 per cent compared with July 2015. However, average daily rate (ADR) was down 15.9 per cent to $161.82 (Dh594), resulting in revenue per available room (RevPAR — an industry measure of occupancy and rates) falling 11.9 per cent to $93.88. Dubai hotels saw occupancy rise 17.6 per cent year-on-year in July to 67.5 per cent, while RevPAR increased 7.5 per cent to Dh365.08. But ADR dropped by 8.6 per cent year-on-year to Dh540.60.

However, hotels in Qatar reported decreases in occupancy, ADR and RevPAR last month. Occupancy fell 6.6 per cent to 53.3 per cent, while ADR edged down 0.8 per cent to 491.68 Qatari riyals, and RevPAR slipped 7.3 per cent to 261.93 riyals. The weaker performance was mostly affected by an 8 per cent year-over-year increase in supply, STR said in the report.

Key performance indicators

Elsewhere in the region, Beirut hotels saw a 7.3 per cent increase in occupancy to 60.2 per cent. However, ADR was down 12.8 per cent to 234,510.72 Lebanese pounds, and as a result, RevPAR dropped 6.4 per cent to 141,258.21 pounds year-on-year in July.

Meanwhile in Africa, hotels saw increases in all of the key performance indicators last month. Occupancy was up 4.6 per cent to 56.9 per cent, ADR rose 10.8 per cent to $103.42 and RevPAR jumped 15.9 per cent to $58.89.

Properties in Johannesburg, South Africa, posted a 5.9 per cent decline in occupancy to 59.2 per cent, but ADR rose 8.7 per cent to 908.85 South Africa rand, lifting RevPAR by 2.3 per cent to 537.74 rand.

Staff Report

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