Africa hotels record drop in occupancy in May results

Posted: June 25, 2016 in general
le meriedien ogeyi place port harcourt

le meridien ogeyi place, port harcourt

Hotels in the Middle East reported mostly negative results in May compared with the previous year, while hotels in Africa reported mixed results, according to STR data.

The Middle East subcontinent reported nearly flat occupancy (+0.1% to 69.1%). Average daily rate for the month was down 4.7% to US$156.75, and revenue per available room fell 4.6% to US$108.34.

Africa experienced a 5.8% decrease in occupancy to 56.1%. However, average daily rate was up 8.8% to US$100.16, and RevPAR increased 2.5% to US$56.15.

Compared with May 2015, the Central/South America region reported an 8.8% decrease in occupancy to 51.9%. Average daily rate was up 7.7% to US$88.86. Revenue per available room fell 1.8% to US$46.11.

Meanwhile, the European hotel industry recorded mostly positive May results year-over-year: The continent reported nearly flat occupancy (-0.3 to 73.4%), but a 2.1% rise in average daily rate to €114.28 (US$129.74) drove a 1.7% increase in revenue per available room to €83.89 (US$95.24).

Belgium rebounded slightly after the March terrorist attacks.

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