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Hotels in Turkey and the Persian Gulf Feature Growth in PevPAR

MKG Hospitality has issued a report devoted to the state of hotel market of Turkey and Persian Gulf countries. According to it, September was very successful, featuring sufficient growth of RevPAR (revenue per available apartment).

The majority of Persian Gulf countries show very good results. Only hotels in Bahrain and Saudi Arabia did not improve their results in September. The growth of RevPAR estimated 10.3% in Kuwait, 20.1% in the United Arab Emirates, 19.7% for hotels in Qatar, and tremendous 46% for hotels in Oman. Oman accommodations also feature fantastic increase of 15% in ADR. Such figures are the result of simplifying visa requirements for 60 countries of the world.

Hotels in Turkey do not reach the growth of Oman accommodations, but the increase is also very good. In September RevPAR added 25.6% comparing to the same period of 2010. As we can see, the picture is quite positive for the region in general. Ramadan is traditionally a slow period and once it’s over, tourists usually become more active. Summer is over, businesses have returned to work and their usual activities – many tourists like this time to enjoy unhurried rest in wonderful climatic conditions without annoying heat.

Hoteliers are very happy with these figures and hope to get back to their usual performance – the so called Arab Spring with its political unrest has caused negative impact on the region. Hotels in Bahrain, Yemen, Egypt and Tunisia still show declines in their results.

19.11.2011

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