Cairo occupancy increases 95.4% in October
RevPAR boosted by recovery in Egypt and Lebanon
Cairo reported an occupancy boost of 95.4% to 55.3% for the month of October in year-over-year comparisons. The city’s occupancy growth is the largest increase in that metric for the region in October.
Cairo also reported a 16.7% increase in average daily rate to US $116.24 and the city experienced the largest RevPAR growth, increasing 128% to US$64.25.
Elizabeth Winkle, managing director of STR Global said: “The region was a mixed picture in October.
“It was only the second month all year the region reported a decrease in average daily rate. But, because of the 7.2% occupancy growth driven by countries such as Egypt and Lebanon, October still ended with positive revenue-per-available-room growth (+4.6% when measured in US dollars).
“South Africa created the largest drag on ADR in U.S. dollar terms (-4.7%). However, when viewed in local currency, the country’s ADR actually grew at a rate of 5.3% during October”, she said.
In year-over-year comparisons, the region reported a 7.2% increase in occupancy to 67.6%, a 2.4% decrease in average daily rate to US$182.34 and a 4.6% increase in revenue per available room to $123.19.
Abu Dhabi reported the largest ADR decrease, down 9.2% to US$154.75. Jeddah witnessed ADR growth of 12.5% to $270.58.