Middle East hotel rates drop 10.8%, RevPAR drops even more
The numbers are from a survey conducted by consulting firm STR. Since rates dropped more than occupancy, revenue per available room (RevPAR) in the region stood at $123.79, down 12.4%.
In Abu Dhabi occupancy remained flat, but average rates slid 12.4%. In Riyadh, Saudi Arabia, occupancy was down 7.3% and rates fell 2.6%.
In Kuwait, occupancy was down 0.3% with rates dropping 2.1%. Gulf News said occupancy levels in the country fell in nine out of the ten months that following the attack at the Imam Al-Sadiq mosque in June of last year.
In Northern and Southern Africa, occupancy was 55.5% in April, down 4.1% from a year ago. Average rates, however, climbed 10.4% to $108.85. Revenue per room was up 5.8% to $60.46. ■