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Mixed March 2014 Performance for Hotel Industry in Middle East And Africa

The Middle East/Africa region reported mixed performance results during March 2014 when reported in U.S. dollars, according to data compiled by STR Global.

The Middle East/Africa region reported mixed performance results during March 2014 when reported in U.S. dollars, according to data compiled by STR Global.  
The region reported a 0.7-percent decrease in occupancy to 66.9 percent, a 2.1-percent increase in average daily rate to US$178.18 and a 1.4-percent increase in revenue per available room to US$119.19. 
Highlights among the Middle East/Africa region’s key markets for March 2014 include (year-over-year comparisons, all currency in U.S. dollars):

During the first quarter, the Middle East/Africa region’s occupancy increased 1.2 percent to 65.5 percent; its ADR was up 2.9 percent to US$179.74; and its RevPAR rose 4.2 percent to US$117.72.

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About STR Global:

STR Global provides clients-including hotel operators, developers, financiers, analysts and suppliers to the hotel industry-access to hotel research with regular and custom reports covering Europe, Middle East, Africa, Asia/Pacific and South America. STR Global provides a single source of global hotel data covering daily and monthly performance data, segmentation data, forecasts, annual profitability, pipeline and census information. Hotel operators can join the surveys on a complimentary basis and benefit from free industry data. STR Global is part of the STR family of companies and is proudly associated with STR, RRC Associates, STR Analytics and HotelNewsNow.com. For more information, please visit www.strglobal.com.

Posted by on April 24, 2014.

Categories: Trends

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