STR: Negative hotel performance in Middle East hotels in Q2 2018

STR: Negative hotel performance in Middle East hotels in Q2 2018

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Hotels in the Middle East reported negative Q2 2018 performance results, according to data from STR. The research shows that despite the 60 percent occupancy rate, that average dropped 3.5 percent year on year. Average daily rates have also dropped by almost six percent to USD 159, and the revenue per available room also dropped by nine percent to USD 96.

However, hotels in Africa posted growth across the three key performance metrics. More specifically, STR analysts attribute Morocco’s strong growth in ADR and RevPAR to multiple events that stimulated the tourism economy in the country as well as the usual boost in demand (room nights sold) that occurs after Ramadan. The 22.4 percent jump in RevPAR was especially notable given that RevPAR increased almost 16 percent during Q2 2017.

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