Bahrain records ‘first Q1 increase’ in RevPAR in five years, Egypt sees growth too
Despite the Middle East recording a decrease in RevPAR, these two markets have done well in Q1 2019.
Hotel properties in Bahrain’s capital city Manama recorded their “first Q1 increase in RevPAR since 2014”, data from STR revealed.
Manama recorded an increase of 12.5% in occupancy taking the total to 58.4%, while average room rates (ADR) rose by 1.6% while RevPAR rose by 14.3%.
According to analysts, March was “the best month of the quarter with a 17.4% rise in occupancy and a 5.5% lift in ADR “, that resulted in a 23.8%jump in RevPAR.
Analysts attributed this drastic rise in March to the F1 Grand Prix that took place in the capital city.
Egypt hotel market:
The hotel market in Cairo and Giza recorded an increase of 6.8% in occupancy that took the total to 78.2%, ADR increased by 6.1%, while RevPAR rose by 13.3%.
Analysts said that Egypt's "increased stability and government campaigns to boost tourism" have "aided hotel performance recovery".