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Wed 23 May 2007 11:31 AM

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Renewed revenue growth for Mideast hotels

HotelBenchmark survey shows hoteliers in Muscat and Abu Dhabi led the field in Q1.

Preliminary results from Deloitte's HotelBenchmark Survey show the hoteliers across the Middle East improved their revenue per available room (RevPAR) results by 14.9% for the first quarter, compared with the same time last year.

Occupancy rose by 3.2% to hit 71%, and average room rate was posted at US $158 across the region. Average RevPAR in absolute value was $112 across the region.

Looking at individual results from across the region, Muscat and Abu Dhabi were the standout performers with RevPAR growth of more than 60% - the cities posted 61.5% and 60.4% respectively.

Abu Dhabi's performance is particularly impressive given average room rates have risen from $97 to $244 in two years.

The only real ‘loser' was Beirut, where RevPAR dropped by 56.4% to $34 as the city continues to feel the effects of the conflict last summer.

Occupancy in Beirut is driving this situation, at just 28.9%.

Deloitte Middle East tourism hospitality and leisure partner Rob O'Hanlon said with high occupancies in cities like Dubai - it posted 89.4% occupancy this quarter - it was not surprising developers and operators were continuing to race to build hotels.

"However what is more interesting is that some less well known markets - such as Muscat - are showing signs of staggering growth and will continue to steal some of the limelight from Dubai as they continue to evolve," he said.

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