New figures from Ernst & Young show that besides Mecca and Medina, Saudi Arabia, most of the Middle East saw occupancy rate, ADR and yield per room decreases year-on-year in August.
Mecca saw a 38.4% year-on-year ADR increase in August, while Medina saw a full 45.8% increase, figures no other destination in the region came close to.
Beirut saw a 27.8% year-on-year decrease in ADR for August, while ADR in Manama, Bahrain decreased 20.6%. The worst performing cities in the survey were Egypt’s, which saw a 28.1% year-on-year occupancy rate decrease in Cairo and a 32.2% decrease in ADR in Hurghada and 42.5% decrease in ADR in Sharm El Shaikh. As expected, political turmoil in the region played a part in the occupancy and ADR drops.
"Hotel occupancy rose by 10% in Mecca and 4% in Medina during August 2011, which coincided with Ramadan. Occupancy and room yield declined in almost all other markets tracked by our Middle East Hotel Benchmark Survey as compared to 2010,” said Yousef Wahbah, Ernst & Young MENA head of transaction real estate.
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