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Mideast Hotels' Mixed Results
Mideast Hotels' Mixed Results

Mideast Hotels' Mixed Results

Mideast Hotels' Mixed Results

Hotels in the Middle East reported mixed November 2016 results, while hotels in Africa posted positive results in the three key performance metrics, according to data from STR, a leading hotel data provider based in the US with offices across three continents. Compared with November 2015, the Middle East recorded a 3.1% increase in occupancy to 71.3%. However, a 7.7% drop in average daily rate to $182.60 pulled revenue per available room down 4.8% to $130.27, Traveldailynews.com reported. Africa experienced a 1.2% increase in occupancy to 59.9%. That coupled with an 18.6% spike in ADR to $118.59 pushed RevPAR up 20.0% to $71.01.

 

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