The WPJ
Vacation Real Estate News
Middle East Hotels' Performance Dips in 2017, Yet Africa Hotels Uptick
According to STR, hotels in the Middle East reported negative 2017 performance results, while hotels in Africa posted growth across the three key performance metrics.
STR reports the following data for the Middle East, Africa and Kuwait comparing the full calendar year 2017 to prior year 2016.
Middle East
- Occupancy: -1.1% to 65.0%
- Average daily rate (ADR): -4.5% to US$164.33
- Revenue per available room (RevPAR): -5.6% to US$106.89
Africa
- Occupancy: +5.6% to 58.0%
- Average daily rate (ADR): +7.4% to US$104.15
- Revenue per available room (RevPAR): +13.4% to US$60.43
Kuwait
- Occupancy: +8.8% to 56.7%
- ADR: -4.7% to KWD62.17
- RevPAR: +3.7% to KWD35.23
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