Hotel Online
News for the Hospitality Executive

.

advertisement


Key Hotel Performance Indicators for the Middle East and North Africa Region (MENA)
are Split Down the Middle


September 1, 2011 - Many hotel markets in the Middle East and North Africa finally reveal good solid signs of growth, whilst others, as expected, are still affected by an unstable situation.


Key hotel performance indicators for the Middle East and North Africa region (MENA) are split down the middle, but post very good signs of improvement. “The good news is that the tide seems to be changing for the MENA region as a whole. Although some countries are still experiencing internal issues, the rest are no longer feeling the brunt,” states Director of Development, MKG Hospitality, Vanguelis Panayotis.

Turkey remains the MENA region’s star performer in terms of growth, monthly and year-to-date, and has the second highest actual Occupancy Rate (OR) and Revenue per Available Room (RevPAR). Turkey’s RevPAR in July alone increases by over 22%, solely driven by Average Daily Rate (ADR). At year-to-date, RevPAR increase of over 23%, again driven mostly by ADR. “Hoteliers here knew all-too-well that European holiday-makers would be a lot more interested in Turkey over other competing destinations in the region. In fact, so many tour groups had to be witched over this year,” continues Panayotis. However, demand in Turkey only stabilises, indicating that perhaps the days of riding on the unstable situation in the rest of the region might be coming to an end.

Good results in most of the GCC (all except Bahrain) come just before Ramadan, as leisure tourism improves, preparations for the coming months intensify and as last minute business travel get underway. Kuwait records exceptional RevPAR growth at almost 23% – rebounding from a drop this time last year. This was fuelled by a 9 point increase in OR and 4.5% in ADR. Kuwait also manages to remain one of the better GCC markets at year to date, with over 7% RevPAR growth. The UAE also continues to post positive performances, with over 20% RevPAR growth in July, driven by a significant increase in OR – up by over 13 points over the corresponding period last year. “The UAE records the largest OR increase in all of MENA for the second consecutive month. Indeed, this is a firm sign of market consolidation, perhaps gradually reliving to its former glory. Dubai is heading this momentum, especially leisure-resort orientated locations such as Jumeirah Beach,” adds Panayotis.

The Kingdom of Saudi Arabia (KSA) also records very good growth in OR and ADR, boosting RevPAR by over 14% in July. KSA remains the best performing market in the GCC at year-to-date and should also do very well in the coming months. Meanwhile, Qatar and Oman record RevPAR increases of 7.5%. These three GCC markets are the only ones to record growth-on-growth, i.e. performing well in both July 2010 and 2011. Bahrain is the only GCC market still unstable, and still struggling, with a significant drop in demand and prices. Year-to-date results for Bahrain are the worst in the entire MENA region. Meanwhile, much of North Africa – namely Egypt, Tunisia and Morocco – enjoyed very good growth this time last year. Thus, with the unstable situation, massive drops are recorded: RevPAR down by almost 37%, 24% and 19%, respectively.

ABOUT MKG Group
Established in 1985 by Georges Panayotis, MKG Group has built a solid reputation for business expertise and substantial European-based know-how in the fields of tourism, lodging and food service. MKG Group meets the needs of each of its clients by providing valuable analytical and decision-making skills necessary for success. www.mkg-group.com

For further information , please contact :

MKG Group - International Development Department
Vanguelis Panayotis
T. : +33 (0)1 56 56 87 87
v.panayotis@mkg-group.com

MKG Hospitality - Media Contact
Michael Komodromou
Tel: +44 (0)20 7624 4030
press@mkg-group.com
Web: www.mkg-hospitality.com

 


Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here
 

To Learn More About Your News Being Published on Hotel-Online Inquire Here
.
Also See: Middle East & North Africa Hotel Markets End 2010 with Great Disparity, Uneasy Hotel Growth is Forecast / February 2011

Poland's Hotel Industry on Upward Trend with RevPAR and Occupany Steadily Growing / November 2010

The Top 10 Hotel Groups in the World; IHG Retains Top Spot With Nearly 650,000 Rooms / July 2010

The Top 10 Hotel Groups in the World; IHG Retains Top Spot Surpassing the 600,000 Room Mark / May 2009

Top Twenty Hotel Brands in the World at January 1, 2008, Also Top Ten Hotel Groups in the World / April 2008

The 2008 Top 20 European Hotel Brands Ranking and the Top Ten Hotel Groups Ranking / March 2008

Ranking - Top Ten Worldwide Hotel Chains Growth 1995-2005 / October 2005
. .

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome| Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.