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).
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).