News

Middle East hotel rates drop 11%

27 de maio de 2016

The price averaged at USD 174.18 in April. Occupancy rates edged down 1.8% from a year ago to 71.1%.

São Paulo – Hotel rates in the Middle East averaged USD 174.18 in April, down 10.8% from April 2015. Occupancy rates dropped 1.8% to 71.1%. The numbers are from a survey conducted by consulting firm STR and were released on the website of the Dubai daily Gulf News.

Since rates dropped more than occupancy, revenue per available room in the region stood at USD 123.79, down 12.4%.

In Abu Dhabi, the United Arab Emirates, occupancy remained flat, but average rates slid 12.4%¨. In Riyadh, Saudi Arabia, occupancy was down 7.3% and rates fell 2.6%.

In Kuwait, occupancy was down 0.3% with rates dropping 2.1%. Gulf News said occupancy levels in the country fell in nine out of the ten months that following the attack at the Imam Al-Sadiq mosque in June of last year.

In Northern and Southern Africa, occupancy was 55.5% in April, down 4.1% from a year ago. Average rates, however, climbed 10.4% to USD 108.85. Revenue per room was up 5.8% to USD 60.46.

*Translated by Gabriel Pomerancblum