The Middle East/Africa region reported positive performance results in March 2012 when reported in U.S. dollars
In March 2012, the region’s occupancy jumped 14.6 percent to 65.1 percent, its average daily rate increased 3.3 percent to US$175.33 and its revenue per available room jumped 18.4 percent to US$114.07.
During March, the hotels across Middle East, Northern and Southern Africa reported improving occupancy levels said Elizabeth Randall, managing director of STR Global. We report a 71 percent increase (19.6 percentage points) in Northern Africa’s occupancy, the absolute occupancy is 47 percent. The growth in occupancy is influencing RevPAR, however, there is continued pressure on average room rates. In other parts of the region, signs of stabilisation can be seen in the strong RevPAR improvements in Bahrain, Lebanon and Jordan. Additional increases of more than 20 percent were reported by Saudi Arabia and Oman, as well.
During March, the hotels across Middle East, Northern and Southern Africa reported improving occupancy levels said Elizabeth Randall, managing director of STR Global. We report a 71 percent increase (19.6 percentage points) in Northern Africa’s occupancy, the absolute occupancy is 47 percent. The growth in occupancy is influencing RevPAR, however, there is continued pressure on average room rates. In other parts of the region, signs of stabilisation can be seen in the strong RevPAR improvements in Bahrain, Lebanon and Jordan. Additional increases of more than 20 percent were reported by Saudi Arabia and Oman, as well.