Tuesday 17 September 2019

ME hotels see mixed performance in April; Africa results positive

LONDON, May 23, 2019

Hotels in the Middle East reported mixed performance results in April, while hotels in Africa posted growth across the three key performance metrics, according to data from STR - a leading market research firm.

Occupancy levels in the Middle East moved up 4.1 per cent to 74.6 per cent but average daily rate (ADR) declined 7.1 per cent to $148.28, with revenue per available room (RevPAR) dropping 3.3 per cent to $110.62.

In Amman, occupancy rates were recorded at 72.7 per cent in April, a 7.7 per cent increase compared to the same period in 2018. ADR was up 1.2 per cent to JOD100.21 ($141.3) while RevPAR moved up 9.1 per cent to JOD72.81 ($102.6).

The occupancy and RevPAR levels were the highest for an April in Amman since 2014. Demand (up 7.7 per cent) was driven by the Amman Jazz Festival (April 19-23), the 11th Amman Contemporary Dance Festival (April 6-20) and the Brazilian Food Festival (April 24-27).

In Africa, occupancy rates climbed up 0.8 per cent to 62.1 per cent, with ADR also jumping 8.1 per cent to $116.18. RevPAR was also up 9.0 per cent to $72.15.

In Cape Town, occupancy was up 8.5 per cent to 62.2 per cent, pushing ADR up 8.2 per cent to ZAR1,631.71 ($113.4). RevPAR increased significantly by 17.3 per cent to ZAR1,014.60 ($70.5).

STR analysts note that the strong increases were due to the year-over-year comparison with a weak April 2018, which was impacted by the water crisis in the country. Oxford Economics’ 2019 forecast for South Africa projects a 4.8 per cent jump in overnight tourist arrivals to the country. However, the upcoming presidential elections may impact tourism arrivals in the short term. - TradeArabia News Service


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