The region’s occupancy increased 5.4% to 60.7% during the month, its average daily rate fell 1.7% to US$137.76 and its revenue per available room grew by 3.6% to $83.63.
“Beirut, Lebanon, experienced two very different sides to this year”, said Elizabeth Randall Winkle, managing director of STR Global. “The first five months saw double-digit RevPAR increases and the last four months saw falling RevPAR results. September, unfortunately, reported highest declines so far with RevPAR falling 56.5% compared to September 2011. Recent events and unrests will provide further challenges to the city’s residents and guests”.
Among the region, Cairo, Egypt (+24.6% to 52.3%), and Muscat, Oman (+20.8% to 59.0%), reported the largest occupancy increases. While Amman, Jordan, reported the only double-digit ADR increase, rising 10.1% to US$156.07. Amman (+22.3% to US$105.87) and Sandton, South Africa, and the surrounding areas (+18.2% to US$84.30), reported the largest RevPAR increases. And finally, Beirut posted the largest decrease in all three key performance metrics. The markets occupancy fell 40.1% to 42.7%, its ADR was down 27.5% to US$166.36 and its RevPAR decreased 56.6% to US$71.11.