Mideast hotels post 3% rise in occupancy

: Sunday, February 02 - 2014 @ 00:11

According to data compiled by STR Global, the Middle East and Africa region has reported a 3% increase in occupancy to 59.5% in December 2013. Hotels in the region also posted a 4.2% rise in average daily rate (ADR) to $180.65 and a 7.3% increase in revenue per available room (RevPAR) to $107.44. Cairo saw occupancy rates drop 15.6% to 35.1%, posting the largest decrease in that metric, while Doha ended the month with the largest ADR decrease of 22.9% to $182.65. The markets which achieved RevPAR increases of more than 10% included Amman (19.2% to $89.17) and Jeddah (11.5% to $162.72), while Doha saw the largest decrease (16.9%) to $119.47, the data showed.

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Sunday, February 2- 2014 @ 0:11 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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