Middle East hotels record drop in RevPAR, ADR in Q3 2019

      Published on Saturday, 26 October , 2019      343      
Middle East hotels record drop in RevPAR, ADR in Q3 2019

  • Bahrain News

Hotels in the Middle East Hotels have recorded a drop in their revenue per available room (RevPAR) and average daily rate (ADR). However, Bahrain’s capital city has recorded a growth in all its performance indicators.

According to STR, occupancy in Middle East hotels rose by 2.4% to 62.2%, while ADR dropped by 6.7% to US$131.49 and RevPAR decreased by 4.5% to $81.80, when compared to the same period last year.

Bahrain’s capital city Manama recorded a rise in all three performance indicators, with occupancy going up by 3.8% to 55.5%, ADR increasing by 0.2% to BHD58.59 ($155.82) and RevPAR rising 4.1% to BHD32.51($86.46), when compared to the same period last year.

STR’s analysts revealed that,

“The absolute occupancy level was the highest for a third quarter in Manama since 2010, while the ADR level was the second-lowest for a Q3 since 2008.”

Analysts also said that August was the strongest month of the quarter for Bahrain when looking at absolute values with occupancy reaching 59.3%, ADR touching BHD61.33($163.11) and RevPAR reaching BHD36.38 ($96.75).

Category Bahrain News | 2019/10/26 latest update at 10:54 PM
Source : Internet | Photocredit : Google
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