Middle East hotels’ occupancy rises in April 2019, ADR, RevPAR continue to drop
Meanwhile, Africa has reported continued growth
After a slow start in 2019, hotels in the Middle East continued to record a drop in ADR, RevPAR in April. However, occupancy rates have increased steadily, data released by STR revealed.
While occupancy rates rose by 4.1% to 74.6%, average daily rate decreased by 7.1% to $148.28 in comparison to the same period last year. Meanwhile, revenue per available room dropped by 3.3% to $110.62.
According to previously released data, in Q1 of 2019, occupancy rates rose by 0.9% to 71%. Meanwhile, ADR dropped by 8.8% to $148.43, in comparison to $158.96 in 2018, while RevPAR decreased by 7.9% to $105.33, a huge difference from $114.68 last year.
Jordan’s hotel markets, however, recorded a growth in their performance indicators. According to STR, occupancy rates went up by 7.7% to 72.7%, while ADR rose by 1.2% and RevPAR rose by 9.1%. Officials also added that the occupancy and RevPAR levels were the highest for an April in Amman since 2014.
Analysts believe that these positive figures were a result of the Amman Jazz Festival (19-23 April), the 11th Amman Contemporary Dance Festival (6-20 April) and the Brazilian Food Festival (24-27 April).
Continued growth in Africa:
Africa recorded continued growth with occupancy going up by 0.8% to 62.1%, average daily rate going up by 8.1% to US$116.18, while revenue per available room rose by 9.0% to US$72.15.