STR Global reports that hotels in the Middle East and Africa region reported positive results in three key performance metrics in their compiled July 2015 data.
The biggest rise by some margin was Lebanon, which posted larges increases in these metrics. Despite ongoing problems with infrastructure such as utilities, waste removal as well as suffering terrorist attacks, Lebanon shows increases for occupancy: +45.1% to 56.3%; RevPAR: +57.8%; with general ADR in the country up 8.8%.
Despite positive results in year-on-year results, general performance levels in the country still remain low.
Compared to July 2014, the entire Middle East/Africa region reported a 12.1% increase in occupancy to 55.1%, a 5.3% rise in average daily rate to US $159.10 and an 18.1% increase in revenue per available room to US$87.69.
Saudi Arabia reported a 0.7% increase in occupancy to 59.1%, highest for July since 2012, which may be due to religious travellers – during the last 10 days of Ramadan, Makkah occupancy rose to 82.8%, and ADR increased to SAR3,061.88.
The Kingdom also showed a 1.9% increase in RevPAR.
Manama, Bahrain, saw a 5.6% increase in occupancy to 42.3% as well as good growth in ADR (+19.8%) and RevPAR (+26.5%).
Read full article at: Hotelier Middle East