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Mixed March 2012 Results of Top MENA Cities

Top MENA cities show mixed results in March 2012 as we can see in the report prepared by TRI Hospitality Consulting.

March was very profitable month for hotels in Jeddah – the growth of their revenues estimated 30%! Several large events helped 4- and 5-star hotels of the city to gain their occupancy levels. The occupancy added as many as 7.2% and stopped on the level of 81.1%. This caused the growth of ADR by 12%. RevPAR added tremendous 22.9% and stood on the level of US$178.90. This is a great achievement for hotels in Jeddah, which have suffered from the lack of business and leisure activities during many months. The growth of profit is a very positive factor that can significantly improve year to year statistics.

Hotels in Riyadh (Saudi Arabia) show modest results. Occupancy grew a bit and added 1.5% to the level of 68.9%. However, ADR fell by 3.4% and was equal to US$262.4 in March. Such figures as GOPPAR or TRevPAR were almost unchanged. Hotels in Cairo finally show some signs of recovery after a significant drop in both occupancy and revenues last year. Hotels in the Capital of Egypt feature a significant growth of occupancy of 23.4% comparing to the previous year, which also makes impact on the level of profit.

Dubai and Abu Dhabi, the most popular destinations of the UAE, also show different results. If hotels in Dubai feature the growth of revenues and profits, Abu Dhabi accommodations faced declines in March. RevPAR and ADR of hotels in Dubai added 9.3% and 6.8% respectively, Abu Dhabi accommodations featured the declines of 12.2% in both of these figures.

19.05.2012

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