Hotels in the Middle East reported mixed performance results for the month of October, while hotels in Africa posted mostly positive results across the three key performance metrics, according to data from STR.

Occupancy levels in the Middle East were up 6.5 per cent to 67.6 per cent but average daily rate (ADR) dipped 3.9 per cent to $143.62. Revenue per available room (RevPAR), however, climbed up 2.3 per cent to $97.07.

In Jeddah, Saudi Arabia, occupancy rates were recorded at 48.1 per cent in October, a whopping 23.9 per cent increase compared to the same month in 2018.

ADR was also up 14.9 per cent to SR778.34 ($207.2), with RevPAR rising 42.4 per cent to SR374.69 ($99.7). While the market registered a double-digit increase in occupancy, the absolute level in the metric was the second-lowest for an October since 2001.

STR analysts note the market’s substantial increase in demand (up 30.2 per cent). Helping that growth was the opening of the King Abdul Aziz International Airport Terminal 1 and an increase in the number of international flights in the market.

During the same month, Africa posted mostly positive performance results, with ADR and RevPAR edging up 1.8 per cent to $109.61 and 1.4 per cent to $72.14, respectively. However, occupancy levels dipped slightly by 0.4 per cent to 65.8 per cent.

In Lagos, Nigeria, occupancy levels rose 17.4 per cent to 68.4 per cent in October, but ADR dropped 3.8 per cent to NGN46,699.89 ($128.6). RevPAR, however, climber up 12.9 per cent to NGN31,932.35 ($87.9).

The absolute occupancy and RevPAR levels were the highest for an October in STR’s Lagos database. Demand grew 17.0 per cent, while supply was slightly muted (down 0.3 per cent). STR analysts note that demand growth reached double-digits during the days of the Aké Arts and Book Festival (October 24-27). - TradeArabia News Service

Copyright 2019 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.