Despite the significant drop, the Middle East outperformed Asia Pacific, the Americas and the European regional markets in terms of RevPAR.
The Middle East’s RevPAR declined by 18.7% during the period year to date August 2009 from August 2008, according to Deloitte’s analysis of STR global hotel performance.
Despite the significant drop, the Middle East outperformed Asia Pacific, the Americas and the European regional markets in terms of RevPAR, noting a RevPAR of US $122.1.
Withing the Middle East regional figures, there were some success stories, Beirut noting a 40.6% increase in occupancy and a 76.8% growth in RevPAR.
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Jeddah also performed werll in terms of RecPAR, witnessing a 17.2% increase.
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