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Positive March 2012 Results for MEA Hoteliers

Hotels located in Asia Pacific, Europe and both Americas show really good results for March, but they are way less impressive comparing to the results of the Middle East and Africa (MEA) accommodations. The new report by STR Global continues a series of optimistic figures that make experts think this year is going to be very profitable for hotel industry around the world.

In March 2012 MAE countries showed the growth of occupancy of 14.6% to the level of 65.1%. This has caused the growth of RevPAR to 18.4% to US$114.07 and the growth of ADR of 3.3% to US$175.33. Northern Africa is the leader in terms of the growth of occupancy, and hotels in Jordan, Lebanon and Bahrain feature the highest growth of RevPAR.

The occupancy of Asia Pacific region added 4.4% and reached the average of 69.4%. The ADR of the region was increased by 4.8% to US$145.64, and the growth of RevPAR estimated 9.4% to the level of US$101.01.

A year ago Japan faced a devastating earthquake and tsunami that sufficiently hurt the hotel industry of the country. Nowadays the performance of hotels in Japan is continuously improving. RevPAR for March 2012 was 38% higher comparing to the same month of the previous year. The occupancy of hotels in Tokyo reached 84.7%. The same figure for hotels in Shanghai is 64%, and 76.9% for hotels in Hanoi. The largest occupancy decreases for the region are in hotels in New Delhi (-7.4% to the level of 68.8%) and Ho Chi Minh City, Vietnam (- 6.5% to 71.7%). Hotels in Seoul feature the highest growth of ADR (US$202.56) thanks to the second Nuclear Security Summit.

09.05.2012

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