Middle East hotels saw occupancy decrease 0.9% to 68.2% in January as ADR dropped 8.9% to $154.18 and RevPAR declined 9.6% to $105.16. But hotels in Africa reported occupancy rose 0.3% to 53.4%, ADR climbed 2.1% to $120.06 and RevPAR rose 2.4% to $64.06 for the month.
Accor and Marriott International maintain the top room counts among parent companies operating in in the Middle East, according to STR. As part of the STR 500, the company will release the top 50 companies and brands in the Middle East during this weeks Arabian Hotel Investment Conference (AHIC) in Ras Al Khaimah.
According to preliminary February 2019 data from STR, Abu Dhabi hotels reported occupancy dipped 1.9% to 79.2%, but a 31.6% ADR boost to 565.07 Emirati dirhams ($153.87) drove RevPAR up 29.1% to 447.46 dirhams ($121.84).
Its been tough sledding for hotels in the Middle East & North Africa. February marked the sixth consecutive month of year-over-year profit decline, in spite of a slight rise in RevPAR, according to the latest data tracking full-service hotels from HotStats.