DUBAI – The Middle East and Africa region reported positive hotel performance results for October 2012, according to latest STR Global report. The region's occupancy increased 4.6 percent to 65.5 percent during the month, its average daily rate rose 9.4 percent to $183.97 and its revenue per available room grew 14.4 percent to $120.56. “ADR across the Middle East saw a doubled-digit uplift in October for the first time this year, growing 13.3 percent to $246 after benefiting from the Eid celebrations,” said Elizabeth Randall Winkle, managing director of STR Global. “Across Saudi Arabia, RevPAR grew 38.8 percent against October 2011.The biggest RevPAR increases were reported in Makah (88.2 percent) and Madinah (36.9 percent) followed by Al-Khobar (25.1 percent) and Jeddah (23.4 percent). RevPAR in Riyadh declined 38.4 percent in the same month. ADR across Africa continued to soften against last year, declining for all 10 months this year to report a 7.7 percent decline. Occupancy, on the other hand, grew all months expect January, reporting a 9.4 percent increase year to date to 56 percent.” Cairo, Egypt, rose 11.1 percent in occupancy to 52.0 percent, reporting the largest increase in that metric, Jeddah (+26.9 percent to $243.19), and Dubai (+13.2 percent to $272.70), ended the month with the largest ADR increases. Markets that achieved double-digit RevPAR growth included Jeddah (+23.4 percent to $189.54); Dubai (+20.4 percent to $224.51). — SG/Agencies
