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Thu 19 Sep 2013 08:09 AM

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Best MidEast cities for hotel investment 2013

Latest figures from the June 2013 edition of the Ernest and Young Middle East Hotel Benchmark Survey

Best MidEast cities for hotel investment 2013
17. City/Area: Cairo
\nCountry: Egypt
\n2013 H1 Average Occupancy level: 31%
\n2012 H1 Average Occupancy level: 39%
\nYear-on-Year % Change: -20.51
\n2013 H1 Average Room Rate: $88
\n2012 H1 Average Room Rate: $79
\nYear-on-Year % Change: 11.39
Best MidEast cities for hotel investment 2013
16. City/Area: Sharm El Shaikh
\nCountry: Egypt
\n2013 H1 Average Occupancy level: 70%
\n2012 H1 Average Occupancy level: 70%
\nYear-on-Year % Change: 0.00
\n2013 H1 Average Room Rate: $55.00
\n2012 H1 Average Room Rate: $43.00
\nYear-on-Year % Change: 27.91
Best MidEast cities for hotel investment 2013
15. City/Area: Beirut
\nCountry: Lebanon
\n2013 H1 Average Occupancy level: 58%
\n2012 H1 Average Occupancy level: 65%
\nYear-on-Year % Change: -10.77
\n2013 H1 Average Room Rate: $166.00
\n2012 H1 Average Room Rate: $210.00
\nYear-on-Year % Change: -20.95
Best MidEast cities for hotel investment 2013
14. City/Area: Amman
\nCountry: Jordan
\n2013 H1 Average Occupancy level: 63%
\n2012 H1 Average Occupancy level: 79%
\nYear-on-Year % Change: -20.25
\n2013 H1 Average Room Rate: $158.00
\n2012 H1 Average Room Rate: $150.00
\nYear-on-Year % Change: 5.33
Best MidEast cities for hotel investment 2013
13. City/Area: Hurghada
\nCountry: Egypt
\n2013 H1 Average Occupancy level: 71%
\n2012 H1 Average Occupancy level: 64%
\nYear-on-Year % Change: 10.94
\n2013 H1 Average Room Rate: $37.00
\n2012 H1 Average Room Rate: $26.00
\nYear-on-Year % Change: 42.31
Best MidEast cities for hotel investment 2013
12. City/Area: Al Ain
\nCountry: UAE
\n2013 H1 Average Occupancy level: 71%
\n2012 H1 Average Occupancy level: 63%
\nYear-on-Year % Change: 12.70
\n2013 H1 Average Room Rate: $138.00
\n2012 H1 Average Room Rate: $141.00
\nYear-on-Year % Change: -2.13
Best MidEast cities for hotel investment 2013
11. City/Area: Manama
\nCountry: Bahrain
\n2013 H1 Average Occupancy level: 45%
\n2012 H1 Average Occupancy level: 37%
\nYear-on-Year % Change: 21.62
\n2013 H1 Average Room Rate: $212.00
\n2012 H1 Average Room Rate: $224.00
\nYear-on-Year % Change: -5.36
Best MidEast cities for hotel investment 2013
10. City/Area: Madina
\nCountry: Saudi Arabia
\n2013 H1 Average Occupancy level: 73%
\n2012 H1 Average Occupancy level: 72%
\nYear-on-Year % Change: 1.39
\n2013 H1 Average Room Rate: $186.00
\n2012 H1 Average Room Rate: $170.00
\nYear-on-Year % Change: 9.41
Best MidEast cities for hotel investment 2013
9. City/Area: Riyadh
\nCountry: Saudi Arabia
\n2013 H1 Average Occupancy level: 64%
\n2012 H1 Average Occupancy level: 62%
\nYear-on-Year % Change: 3.23
\n2013 H1 Average Room Rate: $224.00
\n2012 H1 Average Room Rate: $234.00
\nYear-on-Year % Change: -4.27
Best MidEast cities for hotel investment 2013
8. City/Area: Muscat
\nCountry: Oman
\n2013 H1 Average Occupancy level: 73%
\n2012 H1 Average Occupancy level: 71%
\nYear-on-Year % Change: 2.82
\n2013 H1 Average Room Rate: $210.00
\n2012 H1 Average Room Rate: $207.00
\nYear-on-Year % Change: 1.45
Best MidEast cities for hotel investment 2013
7. City/Area: Kuwait
\nCountry: Kuwait
\n2013 H1 Average Occupancy level: 61%
\n2012 H1 Average Occupancy level: 56%
\nYear-on-Year % Change: 8.93
\n2013 H1 Average Room Rate: $299.00
\n2012 H1 Average Room Rate: $292.00
\nYear-on-Year % Change: 2.40
Best MidEast cities for hotel investment 2013
6. City/Area: Makkah
\nCountry: Saudi Arabia
\n2013 H1 Average Occupancy level: 80%
\n2012 H1 Average Occupancy level: 85%
\nYear-on-Year % Change: -5.88
\n2013 H1 Average Room Rate: $212.00
\n2012 H1 Average Room Rate: $201.00
\nYear-on-Year % Change: 5.47
Best MidEast cities for hotel investment 2013
5. City/Area: Doha
\nCountry: Qatar
\n2013 H1 Average Occupancy level: 71%
\n2012 H1 Average Occupancy level: 68%
\nYear-on-Year % Change: 4.41
\n2013 H1 Average Room Rate: $259.00
\n2012 H1 Average Room Rate: $269.00
\nYear-on-Year % Change: -3.72
Best MidEast cities for hotel investment 2013
4. City/Area: Abu Dhabi
\nCountry: UAE
\n2013 H1 Average Occupancy level: 80%
\n2012 H1 Average Occupancy level: 78%
\nYear-on-Year % Change: 2.56
\n2013 H1 Average Room Rate: $217.00
\n2012 H1 Average Room Rate: $202.00
\nYear-on-Year % Change: 7.43
Best MidEast cities for hotel investment 2013
3. City/Area: Dubai - City
\nCountry: UAE
\n2013 H1 Average Occupancy level: 87%
\n2012 H1 Average Occupancy level: 86%
\nYear-on-Year % Change: 1.16
\n2013 H1 Average Room Rate: $220.00
\n2012 H1 Average Room Rate: $206.00
\nYear-on-Year % Change: 6.80
Best MidEast cities for hotel investment 2013
2. City/Area: Jeddah
\nCountry: Saudi Arabia
\n2013 H1 Average Occupancy level: 80%
\n2012 H1 Average Occupancy level: 80%
\nYear-on-Year % Change: 0.00
\n2013 H1 Average Room Rate: $275.00
\n2012 H1 Average Room Rate: $240.00
\nYear-on-Year % Change: 14.58
Best MidEast cities for hotel investment 2013
1. City/Area: Dubai - Beach
\nCountry: UAE
\n2013 H1 Average Occupancy level: 84%
\n2012 H1 Average Occupancy level: 81%
\nYear-on-Year % Change: 3.7
\n2013 H1 Average Room Rate: $389.00
\n2012 H1 Average Room Rate: $371.00
\nYear-on-Year % Change: 4.85