Most GCC hotel markets report Ramadan decline
STR compared the 2017 dates of May 26 through June 25 with the 2016 time period of June 6 through July 6.
Muscat, Oman, was the only market analyzed that reported an increase in revenue per available room (+8.7%).
The market’s 19.4% increase in occupancy outweighed a 9.0% drop in average daily rate (ADR).
Dubai, United Arab Emirates, was the only other market that did not report a significant decline in RevPAR, although performance was nearly flat as a decline in ADR (-1.5%) countered an uplift in occupancy (+1.2%).
According to STR analysts, growing hotel supply and geopolitical issues are affecting the region’s performance.
School terms also factored into performance results—Saudi Arabia’s school term finished earlier, while school in some countries continued through the Ramadan period. ■