Hotels in the Middle East experienced a decline in occupancy and revenue in November 2015, a recent report by STR Global suggests.
The report by STR Global looked at occupancy, average daily rate and available daily revenue in hotels across the world for the month of November 2015, as compared to November 2014.
According to the report, hotels in the Middle East had experienced on average a 3.3% decrease in occupancy during November 2015, down to an average of 69.2%.
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Average daily rates at hotels in the region were also reported to be down by 3.3%, bringing the average down to $205. The consequent drop in available revenue was calculated to have decreased by 6.5% to $142.
According to the report, the decline was not however, restricted to hotels in the Middle East. The study showed a 5% decline in occupancy in northern and southern Africa (although average daily rates in this region rose by 9.7%).
Within the MENA region, areas highlighted in the study included Egypt, Kenya, Oman, KSA and Abu Dhabi.
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