MEA hotel industry posts positive results in April

Posted: June 2, 2014 in travel & tourism

The Middle East/Africa (MEA) region reported positive performance results during April 2014 when reported in U.S. dollars, according to data compiled by STR Global.

The region reported a 2.0-percent increase in occupancy to 67.0 percent, a 7.2-percent increase in average daily rate to US$178.93 and a 9.4-percent increase in revenue per available room to US$119.89.

“The Middle East has consistently been performing well in the recent months, with the exception of the summer months, which are impacted by Ramadan”, said Elizabeth Winkle, managing director of STR Global. “The sub-region has one of the highest pipelines with 40-percent room growth of existing supply. Saudi Arabia and United Arab Emirates are emerging as the stars in the region, as investors are showing increased interest in both. There is a lot of interest and optimism in the region”.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s