Tag Archives: STR

Recent hospitality industry reports and analysis published by STR and Colliers International, have revealed that hotels in the UAE have put up a sterling performance, given the challenges of operating during the pandemic last year. To support the hotel industry still further during the vaccine rollout, Arabian Travel Market (ATM), which will take place in-person at the Dubai World Trade Centre (DWTC) 16-19 May 2021, is organising a Hotel Summit on Tuesday 18th May. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said, “According to STR data, the Middle East region was a top performer globally during 2020, with an average occupancy of 45.9%. One of the best-performing countries was the UAE with an average occupancy of 51.7% and an average daily rate (ADR) of $114. Although these figures were 29.3% & 16.5% down Y-on-Y, given the challenges presented by the pandemic, it is a remarkable achievement and proves just how resilient the hotel sector is in the UAE and wider Middle East. “Furthermore, if we drill down on these figures, ADR in Fujairah and RAK actually rose last year by 7% and 1% respectively, compared with 2019 and over the New Year’s celebrations hotels in Dubai were running average occupancies of 76% with an ADR of $300. I am certain that many hoteliers in the Middle East are now preparing for a V-shaped recovery, especially with the successful rollout of the vaccine and the ensuing herd immunity,” added Curtis. “Moreover, UK Prime Minister Boris Johnson has also indicated that British nationals may be allowed to travel without any restrictions as soon as June 21st, which, given their close ties, would be a major boost for business and leisure travel …

STR a leading global data benchmarking and analytics provider, shared preliminary data for Dubai’s hotel performance worsening, as concern around the COVID-19 pandemic broadens. Dubai hotel occupancy fell 9.4 per cent to 77.1 per cent in February, ADR decreased 14.4 per cent to 567.63 Emirati dirhams ($154.56) and RevPAR declined 22.5 per cent to 437.41 dirhams ($119.10). STR analysts noted that Dubai’s occupancy, ADR and RevPAR decreased for 37 consecutive days (February 1 through March 8) in year-over-year comparisons. The steepest declines occurred in the most recent of those days. Of note, the market was already experiencing some declines in the metrics during the last two weeks of January, and the more significant decreases started on January 26.While Dubai has seen negative performance comparisons like most other major cities around the globe, STR analysts highlight the market’s ability to sell six of every 10 rooms on average during the first week of March. STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights.

STR’s February 2017 Pipeline Report shows 153,460 rooms in 540 hotel projects Under Contract in the Middle East and 58,374 rooms in 309 projects Under Contract in Africa. Two key markets in the Middle East and Africa region reported more than 10,000 rooms In Construction: Makkah, Saudi Arabia (22,370 rooms in 17 projects) and Dubai, United Arab Emirates (19,578 rooms in 64 projects). Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. The Under Contract total in the Middle East represents a 1.3 per cent increase in rooms Under Contract compared with February 2016. Specifically in the In Construction phase, the Middle East reported 83,106 rooms in 263 hotels. Based on number of rooms, that is a 3.4% increase in year-over-year comparisons. The Under Contract total in Africa represents a 6.1% decrease in rooms Under Contract compared with February 2016. In the In Construction phase, Africa reported 29,084 rooms in 159 hotels. Based on number of rooms, that is a 1.6 per cent decrease in year-over-year comparisons.

Sharjah hotel occupancy grew by 5.5 percent during January compared to the same month in 2016, according to the latest report from STR, a firm that provides global data and analysis for the hotel industry. Average occupancy levels across the United Arab Emirates increased by 0.5 percent during January to reach 81 percent, although average room rates at hotels across the UAE fell 8 percent in January to reach AED 712 ($195) due to strong market growth in room supply. The UAE’s hotel occupancy rates are among the highest in the world. STR has also reported that the overall hotel occupancy across the Middle East region decreased 2.7 percent to an average occupancy level of 68.4 percent during January, while the average daily room rate fell by 8.4 percent to $177.81. Meanwhile, hotels in Europe reported a 5.1 percent increase in occupancy to an average of 57.1 percent, hotels in Africa saw a 4.5 percent increase in occupancy to reach an average of 50.6 percent, and hotels in Asia Pacific reported a 0.8 percent decrease in occupancy to an average of 64.8 percent. According to the Sharjah Commerce and Tourism Development Authority (SCTDA), Sharjah hotels and hotel apartments registered a 19 percent increase in room nights booked during the first nine months of 2016, totaling 2.94 million room nights. Sharjah offers more than 100 hotels and hotel apartments, including properties managed by some of the leading hotel groups in the world including Carlson Rezidor Hotel Group, Louvre Hotels Group, Premier Inn Hotels, Rotana Hotels and Resorts, Sheraton Hotels and Resorts, and Wyndham Worldwide. A number of new hotel and resort developments are currently underway in Sharjah, including the construction of …

STR’s June 2016 Pipeline Report shows 154,576 rooms in 550 hotels Under Contract in the Middle East and 55,736 rooms in 289 hotels Under Contract in Africa. The Under Contract total in the Middle East subcontinent represents a 23.5 per cent increase in rooms Under Contract compared with June 2015 and a 14.1 per cent year-over-year increase in rooms In Construction. The Middle East reported 81,951 rooms in 256 hotels under construction for the month. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage. The Under Contract total in Africa represents a 29.1 per cent increase in rooms Under Contract compared with June 2015 and a 31.5 per cent year-over-year increase in rooms In Construction. Africa reported 30,703 rooms in 157 hotels under construction for the month. Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms In Construction with 35,770 rooms in 81 hotels. United Arab Emirates followed with 26,989 rooms in 93 hotels. Two other countries each reported more than 5,000 rooms In Construction: Qatar (7,125 rooms in 30 hotels) and Egypt (6,095 rooms in 18 hotels).