Global News

Middle East hotel RevPAR recovery highest among global regions

Middle East hotel RevPARThe Middle East hotel industry reported revenue per available room (RevPAR) that was 85.6% of the pre-pandemic comparable, the highest among the global regions, according to year-end 2021 data from STR.

“Year-end data displays the significant variance in recovery by region, stemming from different levels of pandemic restrictions around the world,” said Robin Rossmann, managing director at STR. “The Middle East has been a leader in both opening to international arrivals as well as hosting large events, such as Expo 2020, which has driven hotel performance in Dubai. On the other side of the spectrum, there are areas, such as Europe, where recovery has stalled due to the reimplementation of COVID restrictions. As we get further into 2022 and subsequent lockdowns phase out, we expect recovery to resume.”

US$ constant currency, 2021 (percentage change from 2019):

Europe

Advertisements
  • APN Solutions Banner
  • eHotelier Essentials Banner
  • Duetto Trends Banner
  • Occupancy: 43.3% (-40.0%)
  • Average daily rate (ADR): US$125.54 (-6.9%)
  • Revenue per available room (RevPAR): US$54.35 (-44.2%)

Asia

  • Occupancy: 48.8% (-28.9%)
  • ADR: US$73.31 (-24.1%)
  • RevPAR: US$35.78 (-46.0%)

Australia & Oceania

  • Occupancy: 47.2% (-36.3%)
  • ADR: US$142.60 (-2.4%)
  • RevPAR: US$67.24 (-37.8%)

Middle East 

  • Occupancy: 56.5% (-14.1%)
  • ADR: US$141.16 (-0.3%)
  • RevPAR: US$79.77 (-14.4%)

Africa

  • Occupancy: 40.1% (-34.0%)
  • ADR: US$102.64 (-0.6%)
  • RevPAR: US$41.12 (-34.4%)

North America

  • Occupancy: 56.6% (-14.0%)
  • ADR: US$124.08 (-4.8%)
  • RevPAR: US$70.17 (-18.2%)

South America

  • Occupancy: 40.6% (-30.5%)
  • ADR: US$65.92 (-4.2%)
  • RevPAR: US$26.79 (-33.4%)
Tags: hotel performance, hotel results, MENA, Middle East, RevPAR

,

Related Articles

Related Courses

You might also like:

Advertisements
  • Cendyn 240 400 2404
  • Duetto Trends
Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Leading solution providers:

Advertisements
  • 2024 Predictions