By Issac John www.khaleejtimes.com
Hotels in Dubai recorded the biggest increase in average daily rate, or ADR, in the Middle East/Africa region in November to underscore the emirate’s position as the fastest growing hospitality hub of the region.
Dubai’s ADR growth of 9.9 per cent to $290.68 far outpaced the regional average growth rate. Dubai, which was recently elected to host the prestigious World Expo 2020, also boasts the region’s highest revenue per available room (RevPAR) at $254.18. The Mena region reported mixed performance results during November 2013, according to data compiled by STR Global.
The region reported a 1.7 per cent decrease in occupancy to 64.6 per cent, a 6.8-per cent increase in average daily rate to $180.88 and a 4.9 per cent increase in RevPAR to $116.78.
“In the Middle East and Africa region, demand is outpacing supply on a rolling 12-month basis, achieving 3.7 per cent and 2.7 per cent growth, respectively. RevPAR has been driven by rate, with a 3.4 per cent growth in US dollar terms. The region’s performance is mostly driven by Middle Eastern markets of Abu Dhabi, Dubai, Manama and Muscat, which all posted double-digit RevPAR growth year-to-date November 2013 in local currency terms,” said Elizabeth Winkle, STR Global’s managing director.
Hotels in Dubai recorded the biggest increase in average daily rate, or ADR, in the Middle East/Africa region in November to underscore the emirate’s position as the fastest growing hospitality hub of the region.
Dubai’s ADR growth of 9.9 per cent to $290.68 far outpaced the regional average growth rate. Dubai, which was recently elected to host the prestigious World Expo 2020, also boasts the region’s highest revenue per available room (RevPAR) at $254.18. The Mena region reported mixed performance results during November 2013, according to data compiled by STR Global.
The region reported a 1.7 per cent decrease in occupancy to 64.6 per cent, a 6.8-per cent increase in average daily rate to $180.88 and a 4.9 per cent increase in RevPAR to $116.78.
“In the Middle East and Africa region, demand is outpacing supply on a rolling 12-month basis, achieving 3.7 per cent and 2.7 per cent growth, respectively. RevPAR has been driven by rate, with a 3.4 per cent growth in US dollar terms. The region’s performance is mostly driven by Middle Eastern markets of Abu Dhabi, Dubai, Manama and Muscat, which all posted double-digit RevPAR growth year-to-date November 2013 in local currency terms,” said Elizabeth Winkle, STR Global’s managing director. More info
