STR’s latest hospitality report indicates Middle East hotels posted negative results in key performance metrics in May, while Africa reported mixed results in the three key performance metrics of occupancy, average daily rate (ADR) and revenue per available room (RevPAR).
Hotel occupancy rates across the Middle East in May remained at 69%, while ADR fell by 4.7% to US $156.75 (AED 577), while RevPAR dropped by 4.6% to $108.34 compared to the same period last year.
Africa showed a 5.8% decrease in occupancy, falling to 56.1%, though the average daily rate was up 8.8% to $100.16 (AED 367). RevPAR increased 2.5% to $56.15 (AED 205).
Egypt experienced a 15.7% drop in occupancy to 52.8%, but a 24.8% rise in ADR to $82 (AED 301). RevPAR subsequently increased 5.3% to $43 (AED 158).
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At the market level, Cairo reported an occupancy increase of 10.6%, while Sharm El Sheikh reported -39.7% and the Red Sea Resorts -40.7%.
Oman reported decreases across occupancy (-5.0% to 49.4%), ADR (-8.7% to $148) and RevPAR (-13.3% to $72).
Jeddah recorded a 5.9% jump in occupancy to hit 78.4%, as well as increases in ADR (+18.3%) and RevPAR (+25.3%).
Amman saw an 8.5% increase in occupancy, passing 66%, in addition to 11.2% growth in ADR and 20.7% RevPAR.
Tunisia experienced decreases in occupancy (-11.7% to 42.5%) and RevPAR (-9.1%), however ADR was up 2.9%.
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