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Middle East Hotel Survey 2015 Edition- Peak Assessments

The Consulting and Valuation team at HVS Dubai recently published the 2015 Middle East Hotel Survey – Peak Assessments. Providing comprehensive up-to-date hotel and tourism information such as macroeconomic and tourism indicators, occupancy, average rate and RevPAR of 144,000 hotel rooms, as well as existing and future hotel supply information, this publication seeks to present stakeholders with insights into various markets in the region. Spanning over 21 years, this publication offers critical information on 42 cities and 13 countries.

Highlights of the 2015 Middle East Hotel Survey – Peak Assessments include:

  • Tourism and travel in the Middle East region exhibited solid growth in 2014, bringing the total to 50 million arrivals.
  • Regional airline capacities rose by an impressive 11.9%, load factors climbed to 78.1%, while overall passenger traffic growth in the Middle East was roughly 13.0%.
  • According to the Abu Dhabi Tourism and Culture Authority (TCA), guest arrivals in 2014 totalled 3.5 million exhibiting a year-on-year double-digit increase of 25.0%, with total room nights climbing to 10.5 million.
  • Occupancy in Beirut exhibited double-digit growth during Q1 2015, with a phenomenal 47.8% increase in January alone.
  • Hotel occupancy levels in Cairo increased by as much as 65.5% during Q1 2015. During the same month, average rates improved by 11.9% with the dynamics of occupancy and rate facilitating phenomenal RevPAR growth of 73.0%.
  • Hotels in Doha staged an impressive increase in 2014 with double-digit growth in RevPAR levels following a reported 8.2% increase in visitation to 2.8 million visitors.
  • In Dubai, recently released data indicate that Q1 2015 performance is roughly 7.0% – 8.0% behind same time last year on a RevPAR basis.
  • As new supply enters the Middle East market, tourism officials will need to work even harder in order to ensure that demand grows in line with supply, keeping ahead of, or at the very least up with considerable additional room nights expected over the course of the forthcoming seven years.

Source: www.hospitalitynet.org - June 19, 2015

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