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Tue 24 Dec 2013 01:03 PM

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Four Gulf markets post double digit RevPAR growth in 2013

Hotels in Abu Dhabi, Dubai, Manama and Muscat all perform strongly year-to-date in November

Four Gulf markets post double digit RevPAR growth in 2013
(Photo for illustrative purposes only)

Abu Dhabi, Dubai, Manama and Muscat have all posted double-digit growth in revenue per available room (RevPAR) for the year-to-date in local currency terms, new data has revealed.

Latest figures released by STR Global showed hotels in the UAE especially continued to perform strongly in November.

Dubai's hospitality market posted the highest increase in average daily rates (ADR) in the Middle East and Africa last month, as it rose by 9.9 percent in ADR to $290.68.

However, hotels in the Qatari capital of Doha saw ADR slump by 18 percent to $181.23, the region's largest ADR decrease.

Manama (up 15.2 percent to $100.67); Dubai (up 12.7 percent to $254.18) and Abu Dhabi (up 10.4 percent to $171.70) also showed some of the best RevPAR rises during November, STR Global said.

Regionally, the Middle East/Africa reported mixed performance results during November as the region posted a 1.7 percent decrease in occupancy to 64.6 percent, a 6.8 percent increase in ADR to $180.88 and a 4.9 percent increase in RevPAR to $116.78.

Elizabeth Winkle, STR Global’s managing director, said: “In the Middle East & Africa region, demand is outpacing supply on a rolling 12-month basis, achieving 3.7 percent and 2.7 percent growth, respectively.

"RevPAR has been driven by rate, with a 3.4 percent growth in US dollar terms. The region’s performance is mostly driven by Middle Eastern markets of Abu Dhabi, Dubai, Manama and Muscat, which all posted double-digit RevPAR growth year-to-date November 2013 in local currency terms," she said.

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