December was a pretty good month for Middle Eastern hoteliers. Most of the countries have seen their RevPAR grow. In North Africa, results are particularly good in Tunisia (16.5 % in RevPAR ) and in Egypt ( 49.8 % in RevPAR )
Compared to November, Turkey records good perfomances in December, explained by the rise in the occupancy rate and the simultaneous growth of the ADR (+2.8%). The year 2014 sees a strong increase in the ADR (+15.2 %) and a decrease in occupancy (-1 pt). In other countries in the Levant, hotel performances follow a positive trend for Lebanon (RevPAR +25.5%) thanks to the organization of scientific and medical congresses. For Jordan, the occupancy is on a negative variation and the ADR are stable. For the whole year, the hotel industry in Lebanon and Jordan registered increases in the RevPAR by 3% and 6.2% respectively.
Good results may be observed in the Arabian Peninsula except for in the South: the largest increase in occupancy is recorded in Bahrain (+8.4 pt). Despite the decrease in the ADR, the RevPAR improves a lot (+15% on December and 19.1% on the year 2014). Excellent month for United Arab Emirates and Qatar: RevPAR increases strongly in Abu Dhabi (+43.7%), the emirate welcomed the Volvo Race 2014-2015 (boat racing) for many days. In Qatar, all indicators rose and the RevPAR increased by 11.8% (and 10.9% on the year 2014) with the organization in Doha of ITU Telecom World 2015 from December 7 to 10. Saudi Arabia records a rise in its RevPAR (+9.3%), with a positive evolution for the occupancy rate and the ADR. All cities in the sample were on a positive trend except Riyadh (RevPAR: - 2.1%). Kuwait is on this trend too, with a positive evolution in its RevPAR by 5.3% this month. Oman is on a very slight negative trend for its RevPAR (-0.7%), however Yemen continues to see its results decline.
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