The first global hotel performance data for the full year 2005 from the HotelBenchmark Survey by Deloitte shows that across all regions of the world — Europe, Asia and the Middle East — revenue per available room (revPAR) continued to record positive growth throughout the year.
Hotels in the Middle East retained pole position for the second year running, posting double-digit revPAR growth of 21.4%. Across Asia, hotel performance slowed during 2005 compared to the previous year. Although the region recorded a healthy increase in revPAR of 9.1%, it was a far cry from the record-breaking results achieved in 2004, when revPAR grew 25%. In Europe, growth was steady — but with revPAR up just 4.1% — it remains the slowest growing region in the world.
Throughout 2005, the hotel industry faced a number of challenges including natural disasters and the continuing threat of terrorism. Yet despite this, hotel performance remained resilient and any adverse effects on trading caused by these events was short lived.
“Although the threat of terror remains across all regions of the world, travellers are becoming more resilient and continue to travel. This is evidenced not only in the continuing strong hotel performance of 2005, but the record number of international visitor arrivals across the globe,” said Julia Felton, executive director of HotelBenchmark.
Hotel performance in the Middle East once again exceeded expectations in 2005, recording solid growth. As the region experiences the largest wave of hotel and airport construction ever, hotel performance can only improve further.
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