STR Global posts Middle East/Africa region occupancy performance results for April 2010

The Middle East/Africa region reported mixed results in the three key measurements for April 2010 when reported in USD, according to data compiled by STR Global. The region's occupancy ended the month virtually flat with a 0.6-per cent decrease to 65.9 per cent, Average Daily Rate (ADR) increased 2.0 per cent to USD 162.04, and Revenue Per Available Room (RevPAR) grew 1.4 per cent to USD 106.79.

Highlights among the region's key markets for April 2010 include (year-over-year comparisons, all currency in USD):

* Johannesburg, South Africa, reported the largest occupancy increase, rising 12.9 per cent to 59.7 per cent, followed by Muscat, Oman, with a 10.0 per cent increase to 66.9 per cent.
* Four key markets experienced occupancy decreases for the month: Abu Dhabi, United Arab Emirates (-23.4 per cent to 60.7 per cent); Beirut, Lebanon (-8.0 per cent to 72.4 per cent); Cape Town, South Africa (-7.1 per cent to 51.5 per cent); and Riyadh, Saudi Arabia (-0.2 per cent to 63.2 per cent).
* Beirut posted the largest ADR increase, rising 41.1 per cent to USD 243.80, followed by Cape Town with a 12.2-per cent increase to USD 131.38.
* Two markets reported double-digit ADR decreases: Abu Dhabi (-32.8 per cent to USD 208.22) and Muscat (-19.1 per cent to USD 245.88).
* Beirut rose 29.9 per cent to USD 176.39 in RevPAR, reporting the largest increase in that metric. Johannesburg followed with a 23.8-per cent increase to USD 53.28.
* Abu Dhabi experienced the largest RevPAR decrease, falling 48.5 per cent to USD 126.34, followed by Muscat with 11.0-per cent decrease to USD 164.52.

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