The recent STR Global report for September 2013 on the Middle East and Africa region stated that the region reported a 4.2% decrease to 58.1% in occupancy. There was a seven percent increase to US$145.81 in average daily rate and a 2.5% increase to US$84.78 in revenue per available room.
Year-to-date in September 2013, the region’s occupancy rose 1.7% to 60.5%; its ADR was up 3.3% to US$160.82; and its RevPAR increased 5.1% to US$97.35.
“Year to date, the Middle East is the only sub-region reporting positive results across all key performance indicators,” said Elizabeth Winkle, managing director of STR Global. “GCC nations UAE and Bahrain are two of the main drivers of this, as both are reporting strong year-to-date performance”.
Highlights for the region in September: