The absolute ADR and RevPAR
levels were the highest for any July in STR's Sharm El Sheikh database.
ADR rose 23.9 per cent to EGP1,318.95 ($79.4), with RevPAR
climbing 28.6 per cent to EGP874.87 ($52.6).
The main Egyptian markets are expected to see a 27% increase in RevPAR
compared to last year," Colliers expects.
Despite the increase in revPAR
, the group's second-quarter revenue eased 3.7% (CC basis) to [pounds]257mln from [pounds]260mln a year earlier.
According to Hilton, RevPAR
at the group's properties is set to increase in the coming months.
STR analysts attribute Morocco's strong growth in ADR and RevPAR
to multiple events that stimulated the tourism economy in the country as well as the usual boost in demand (room nights sold) that occurs after Ramadan.
The steepest fall was recorded in RevPAR
, which declined 18.4pc to $75.20.
The Hotel Market Profitability Forecasts reports are the first of their type to present a full picture of the health of the hotel industry with a focus on occupancy average room rate (ARR) rooms revenue per available room (RevPAR
) TRevPAR and GOPPAR.
The hotel generated a RevPAR
premium of 58% to the company's overall 2013 reported portfolio RevPAR
in 2013, it added.
rose 12.8 per cent y/y to AED 415 (USD 113).
In Saudi Arabia, occupancy rates in October stood at 66 percent, up 10.5 percent while ADR rose 25.5 percent and RevPAR
increased by 38.8 percent.