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Hotels in Jeddah Feature Best Results Among MENA Countries

According to the newest report by TRI Hospitality Consulting, hotels in Jeddah reached their best profitability in last three years in June 2012. This made them the most profitable accommodations among all the hotels located in MENA countries (Middle East North Africa).

Jeddah accommodations enjoyed the growth of RevPAR of 15%. This made profits go up and feature the increase of 13.8%. The occupancy was also tremendous – 4- and 5-star accommodations of the city reached the average occupancy of 85.4% in June 2012. This is 5.8% higher than a year ago. The average daily room rate added 7.2% to the level of US$226.63. As a result RevPAR added 15% and reached the level of US$193.62. GOPPAR (gross operating profit per available room) estimated US$147.95.

The occupancy level of hotels in Riyadh remained fairly stable throughout the month. However, this couldn’t prevent average room rates from falling (-9.6%). RevPAR also fell by 9.8%. Such reduction made profits go down too – GOPPAR decreased by 10.3% and estimated US$129.80.

The UAE hotels also exposed quite positive results with Dubai taking the lead. Dubai accommodations have their profits simply boost, while Abu Dhabi accommodations feature the decline in both average rates and profits. Average room rate of hotels in Abu Dhabi fell by 8.5% to the level of US$115.68 in June 2012. This caused the drop of GOPPAR of 12.6% to US$53.76. At the same time hotels in Dubai showed very strong performance. Average room rates estimated US$191.24, and RevPAR featured the increase of 10.3% to the level of US$147.55. Occupancy was almost the same- just 0.7% higher comparing to June 2012. GOPPAR of hotels in Dubai added tremendous 50.4% and estimated US$86.26.

15.08.2012

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