Middle East hotel occupancy rose 3% to 60.8% in July, but a 5% ADR decrease to $119.26 brough RevPAR down 2.1% to $72.51. In Africa, hotel occupancy rose 1% to 62.6%, ADR increased 4.8% to $106.94 and RevPAR rose 5.8% to $66.99.
Jumia launches the 3rd edition of the Hospitality Report Africa, shows travel & tourism contributed 8.5% to the continents GDP in 2018
Overall hotel performance was again very strong in 2018 with RevPAR for the country increasing by 6%. This article explores the hotel performance and development pipeline in Israel.
In October, the Middle East reported a 5.7% year-over-year decrease in the number of hotel rooms in construction. Africa reported a 4% decrease in rooms in construction.