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FINANCIAL NEWS
Muscat hotels report 15% jump in Jan-Apr RevPAR
25 May 2013
(MENAFN) STR Global announced that during the January-April period, hotels in the Omani capital posted a growth of over 15 percent in revenue per available room (RevPAR), reported Arabian Business.
STR said that the figure ranks Muscat as the best performer in the region during the mentioned period.
It added that occupancy climbed by 14 percent, reaching 77.3 percent.
Moreover, ADR rose by 1.1 percent to USD248.
On the other hand, occupancy rate in the Middle East and Africa region rose by 3.4 percent in April alone to 65.7 percent, while ADR gained 0.7 percent to USD171.29, and RevPAR rose by 4 percent to USD112.46.
It is worth noting that hotels in Manama had the strongest growth in occupancy in the 4-month period, rising by 21.5 percent to 51.7 percent, whereas occupancy in hotels in Abu Dhabi jumped by 20 percent to 70.7 percent.
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