ADR rises, RevPAR, occupancy drops across Middle East hotels in May.
Hotels in the Middle East have recorded a drop in revenue per available room (RevPAR) and occupancy rates in May 2019. However, average daily rate (ADR) increased.
According to data released by STR, ADR increased by 8.9% to $164.87 in comparison to last year. RevPAR dropped by 0.4% to $85.75.
However, occupancy dropped for the first time in four months with an 8.6 drop to 52%, when compared to the same period last year.
Africa's hotel performance on the down low
Hotels in Africa did not register growth in May 2019, as occupancy rates, ADR and RevPAR all decreased.
According to data, occupancy dropped by 5.6% to 51.2% while ADR dropped by 0.4% to $99.30. RevPAR dropped by 5.9% to $50.82.
Hotels in the Middle East hotels recorded a drop in ADR, RevPAR in Q1 2019 . Africa's Q1 performance was positive with hotels in the region recording a rise in occupancy, ADR and RevPAR.
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|Publication:||Hotelier Middle East|
|Date:||Jun 26, 2019|
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