STR Global says occupancy rates, RevPAR and ADR all show strong growth so far this year
Hotels in Muscat have witnessed the strongest growth in revenue per available room (RevPAR) so far this year, according to data released by STR Global.
Revenues in the Omani capital's tourism industry has grown by more than 15 percent in the first four months of 2013, it said in a statement.
Elizabeth Winkle, managing director of STR Global, said: “The factors for performance include strong occupancy growth of 14 percent to 77.3 percent, while an already solid ADR increased 1.1 percent to $248.
"Oman has benefitted from tremendous interest from the corporate sector with significant infrastructure investment and projects such as Duqm Port. The corporate demand is coupled with strong leisure business which is up 25 percent," she added.
Figures for the month of April revealed Manama, Bahrain, had the strongest growth in occupancy, up 21.5 percent to 51.7 percent.
Manama was also one of the best performers for RevPAR in April, recording a 18.5 percent jump to $122.76.
STR Global statistics also showed that hotels in Abu Dhabi also performed strongly last month with a 20 percent occupancy increase to 70.7 percent.
Conversely, Cairo, Egypt was the worst occupancy performaer with a 17.3 percent slump to 44.1 percent, while Amman, Jordan also fell 16 percent to 66.9 percent.
Jeddah, Saudi Arabia saw average daily rates (ADR) rise the most in the Middle East and Africa region(up 12.3 percent to $232.19), STR Global said.
Overall, the figures showed that occupancy rates at Saudi hotels stood at 70.7 percent last month, down 3.2 percent, while ADR rose 13.4 percent and RevPAR was up 9.8 percent.
In the UAE, hotel occupancy stood at 79 percent, up 5.1 percent, while ADR fell marginally by 0.9 percent and RevPAR increased 4.1 percent.
The Middle East/Africa region reported positive performance results during April with a 3.4 percent rise in occupancy to 65.7 percent, a 0.7 percent increase in ADR to $171.29 and a four percent increase in RevPAR to $112.46.