Middle East hotels record drop in RevPAR, ADR in Q3 2019
However, Bahrain recorded growth in occupancy, RevPAR and ADR
Hotels in the Middle East Hotels have recorded a drop in their revenue per available room (RevPAR) and average daily rate (ADR). However, Bahrain’s capital city has recorded a growth in all its performance indicators.
According to STR, occupancy in Middle East hotels rose by 2.4% to 62.2%, while ADR dropped by 6.7% to US$131.49 and RevPAR decreased by 4.5% to $81.80, when compared to the same period last year.
Bahrain’s capital city Manama recorded a rise in all three performance indicators, with occupancy going up by 3.8% to 55.5%, ADR increasing by 0.2% to BHD58.59 ($155.82) and RevPAR rising 4.1% to BHD32.51($86.46), when compared to the same period last year.
STR’s analysts revealed that, “The absolute occupancy level was the highest for a third quarter in Manama since 2010, while the ADR level was the second-lowest for a Q3 since 2008.”
Analysts also said that August was the strongest month of the quarter for Bahrain when looking at absolute values with occupancy reaching 59.3%, ADR touching BHD61.33($163.11) and RevPAR reaching BHD36.38 ($96.75).