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Hotels in the Middle East and Africa reported occupancy decreases Hotels in the Middle East and Africa reported occupancy decreases

STR: May 2018 Middle East and Africa Hotel Performance

Hotels in the Middle East reported a negative May performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.

In the Middle East, occupancy rates reported a negative 10.7 percent, resulting to a 57 percent. Meanwhile, average daily rate was 1.7 percent to USD151.62 while revenue per available room was 9.1 percent to USD86.45. STR analysts noted that Middle East’s countries’ year-over-year performance was affected by the Ramadan calendar shift as well as a surplus in new supply.

Correspondingly, Africa’s occupancy was negative 1.7 percent to 54.5 percent while the average daily rate was 4.6 percent to USD109.67. Revenue per available room resulted to a 2.8 percent to USD59.73.