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Middle East hotel rates drop 10.8%, RevPAR drops even more

Staff writer |
Hotel rates in the Middle East averaged $174.18 in April, down 10.8% from April 2015. Occupancy rates dropped 1.8% to 71.1%.

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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.

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