Bahrain hotels have reported their highest third quarter occupancy levels for nine years, according to new figures from analysts STR.
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However, average daily rates, which stood at BD58.59 in Q3, were the second lowest for the third quarter since 2008, suggesting hoteliers were slashing rates to improve occupancy in the period.
STR analysts noted that August was the strongest month of the quarter when looking at absolute values – occupancy (59.3 percent), ADR at BD61.33 and revenue per available room (RevPAR) at BD36.38. RevPAR for the quarter stood at BD32.51.
Occupancy was up by 2.4 percent to 62.2 percent while ADR fell by 6.7 percent to $131.49 and RevPAR dropped by 4.5 percent to $81.80.
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