Latest STR Global data shows double-digit increases in March; Dubai hotels also shine
Hotels in Muscat and Doha reported double-digit increases in occupancy and revenues during March, according to the latest data from STR Global.
The Omani capital saw occupancy rates soar by 18 percent to 83.1 percent compared to the same month last year while Doha hotel witnessed a 13.2 percent rise to just over 70 percent.
The Qatari capital also reported a 12.4 percent rise in revenue per available room (RevPAR) to $204.19 but that was dwarfed by top performer Muscat where RevPAR rocketed by nearly 28 percent to $211.14, STR Global said.
It added that Dubai also registered strong RevPAR growth of 14.2 percent to $257.63 in March.
The data showed that hotels in Amman, Jordan achieved the largest average daily rate (ADR) increase, rising 12.7 percent to $166.44, followed by Dubai with an 11.5 percent increase to $294.
It also showed that Saudi hotel operators witnessed average occupancy rates of 71.5 percent during March, down three percent. ADR was up 10.5 percent and RevPAR rose 7.2 percent
In the UAE, hotel occupancy rates averaged 82.8 percent, up 3.2 percent, while ADR increased 9.2 percent and RevPAR was up 12.6 percent
The Middle East and Africa region reported a 3.8 percent increase in occupancy to 67.1 percent, a 5.4 percent increase in ADR to $179.57 and a 9.5 percent increase in RevPAR to $120.52.
During first-quarter of 2013, the Middle East/Africa region’s occupancy rose 5.9 percent to 64.3 percent, its ADR was up 3.1 percent to $179.10 and its RevPAR increased 9.2 percent to $115.20.
“The region reported positive performance growth during the first quarter of the year”, said Elizabeth Winkle, managing director of STR Global. “Northern African, though showing double-digit occupancy growth, is still reporting actual occupancy levels of below 50 percent."