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Sun 23 Mar 2014 01:41 PM

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Manama hotels post strong occupancy, revenue growth in Feb

Latest STR Global data reveals Bahraini capital hotels post 39% and 37% rise in occupancy and RevPAR last month

Manama hotels post strong occupancy, revenue growth in Feb

Hotels in Manama registered strong growth in both occupancy and revenue during February, according to latest data released by STR Global.

The Bahraini capital's tourism sector posted a 39 percent increase in occupancy last month to 63.2 percent, the best performing market in the Middle East and Africa region.

The city also saw the highest jump in revenue per available room (RevPAR) in February, up 37.7 percent to $120.11.

The latest STR Global figures also showed that Qatari capital Doha posted strong occupancy growth last month, up 13.9 percent to 76.9 percent.

The data showed that Dubai posted the region's best results for average daily rates (ADR) with a rise of 9.7 percent to $286.99.

However, hotels operating in its neighbour Abu Dhabi, the capital of the UAE, posted a 22.9 percent drop in ADR to $148.72, the largest decrease in February.

Overall, STR Global said the Middle East/Africa region reported positive performance results during February compared to the same month last year.

The region reported a 1.3 percent increase in occupancy to 67.4 percent, a 2.7 percent increase in average daily rate to $177.42 and a 4 percent increase in revenue per available room to $119.55.

“The Middle East still is driving performance in the region”, said Elizabeth Winkle, managing director of STR Global.

“Jordan, Oman and Saudi Arabia are all posting both occupancy and ADR growth (in local currency). Jordan and Bahrain are reporting the largest occupancy growth. Dubai is still reporting high occupancy; the new supply coming in is being absorbed and we are seeing double-digit rate growth."

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