In September, the business and MICE activity have driven up hotel performances in Middle East countries, with some exceptions such as Yemen, Jordan and the United Arab Emirates.
Egypt's RevPar increased significantly this month again, mainly in the Red Sea region: Hurghada (+193.3%), Sinai Peninsula (+180.8%) and Sharm El Sheikh (+218.4%). The strong performances are the result of an improved political situation for the country compared to last year's violence and complicated political situation.
Tunisia records a RevPAR increase by 11.1% thanks to the international event "ICT4ALL" in Hammamet, the average daily rate rose by 6.8%. Thanks to the organization of the IAAF Continental Cup in Marrakech (September 13 and 14), the city was able to increase its RevPAR by almost 40% and Morocco's RevPAR rose by 10.8%. Meanwhile, Algeria after good performances in August, registered a 4.4% drop in its RevPAR (read our article).
Turkey continues to record good performances; the hotel industry is helped by seaside tourism and Istanbul organized the international exhibition "Capacity Eurasia 2014" (+22.8%).
In Jordan, activity is stable with a RevPAR down 0.1% in September for the country, while it is up 1.1% in Amman.
On the Arabian Peninsula, Qatar and Kingdom of Saudi Arabia record a strong increase in the RevPAR of respectively 18.9% and 49.2%. Qatar welcomed "The SPE Middle East Health, Safety, Environment, and Sustainable Development Conference and Exhibition" between September 22 and 24 and the Kingdom of Saudi Arabia organized different exhibitions, such as "Saudi Agro Food" and "Petrochem Arabia".
Bahrain (+8.9%), Kuwait (+4.7%) and Oman (+3.1%) record good performances. The major events for the hotel industry were "Company Secretary Forum" in Manama, "The Big 5 Kuwait 2014" in Kuwait City, "Oman Health Exhibition" and "CSR Summit" in Muscat.
The United Arab Emirates (-0.7%) is experiencing a slight decline in the RevPAR despite "The Hotel Show" in Dubai during the last days of September.
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- August 2014: hotel performances on the rise in the MENA region
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