Compared to August 2014, hotels in MEA reported a 1.1% decrease in occupancy to 62.9%, a 1.6% drop in average daily rate to US$134.53 and a 2.7% decline in revenue per available room to US$84.57.
Regional snapshot:
Negative results
Kuwait: Occupancy declined 7.8% to 39.6%; ADR was down 6.0% to KWD65.75; and RevPAR decreased 13.3% to KWD26.04. August supply growth of +6.2% in the country outpaced demand at -2.1%. Year to date, however, demand, which is up +8.3 has outweighed supply which only increased +4.1%.
Oman: A 3.7% decline in occupancy to 47.5%, a 6.9% drop in ADR to OMR65.19 and a 10.4% decrease in RevPAR to OMR30.94.
According to STR Global analysts, the months during and post-Ramadan have produced weak performance results in Oman during the last five years. Over the same years, performance has improved in September and October.
Amman, Jordan: Occupancy down -7.1% to 63.4%; ADR down -5.5% to JOD111.49; and RevPAR -12.2% to JOD70.71. Year to date in Amman, supply growth (+2.7%) has significantly outperformed demand (-13.9%).
Doha, Qatar: Decreases in occupancy -6.7% to 61.1% and RevPAR down -5.9% to QAR387.24. ADR in the market was up 0.8% to QAR633.75. Year-to-date supply increased +2.4% and has outperformed demand at +0.1%. August produced the market’s largest supply increase of 2015 at +6.3%. Development growth in Doha can be attributed to the Qatari tourism sector’s continued commitment to the 2022 World Cup and National Vision 2030.
Flat results
South Africa: Near flat occupancy performance of +0.5% to 62.7% and increases in ADR of +4.3% to ZAR994.53. RevPAR increased +4.8% to ZAR623.76.
The lack of significant change in occupancy came as supply increased +0.9% and demand as much as +1.3%, saw similar movement in August. According to STR Global analysts, ADR and RevPAR were up due to inflation and a weakened South African Rand.
Cape Town, South Africa: 2.0% decrease in occupancy to 60.0% but increases in ADR of 6.2% to ZAR1,138.41 and RevPAR increase of +4.1% to ZAR682.90.
STR Global analysts believe that hotels in Cape Town have increased rate to counter a 5.6% year-to-date drop in occupancy. The decline in occupancy can be attributed to year-to-date supply (+2.0%) outweighing demand (-3.7%).
