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Middle East, Africa Hotels Post Mixed Results in April

Middle East, Africa Hotels Post Mixed Results in April


According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

STR reports the following hotel data in U.S. dollar constant currency for April 2018 vs. April 2017:

Middle East

  • Occupancy: -4.4% to 72.0%
  • Average daily rate (ADR): -8.1% to US$160.37
  • Revenue per available room (RevPAR): -12.1% to US$115.45

Africa

  • Occupancy: +6.3% to 61.8%
  • Average daily rate (ADR): +4.0% to US$119.79
  • Revenue per available room (RevPAR): +10.5% to US$73.99

Mauritius

  • Occupancy: -9.5% to 74.6%
  • ADR: +12.8% to MUR8,471.64
  • RevPAR: +2.1% to MUR6,318.73

STR analysts note that the absolute ADR and RevPAR levels were the highest for any April on record in Mauritius. The year-over-year ADR growth was the sole driver of RevPAR, as a decline in demand (-8.6%) lowered occupancy.

Makkah

  • Occupancy: -12.2% to 66.4%
  • ADR: -17.9% to SAR387.12
  • RevPAR: -27.9% to SAR257.23

STR analysts note that the absolute occupancy level was the lowest for an April since 2010, while absolute ADR was the lowest for the month since 2007. Significant supply growth (+6.2%) has been the main driver of negative performance in the market. Until a 6.7% demand decrease in April, the market had reported four consecutive months of demand growth.

Tunisia

  • Occupancy: +7.7% to 53.8%
  • ADR: +17.2% to TND170.73
  • RevPAR: +26.2% to TND91.91

A 1.3% increase in supply is the highest for any month in Tunisia since November 2007. At the same time, the absolute ADR and RevPAR levels were the highest for any April on record in the country. The occupancy level was the highest for an April since 2009. STR analysts credit the boost in performance to increased tourism in the market.
 
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