STR Global Posts Middle East/Africa Performance Results for February 2010

The Middle East/Africa region reported increases in all three key measurements for February 2010, when reported in U.S. dollars, according to data compiled by STR Global.
The region’s occupancy rose 1.9 percent to 65.7 percent, average daily rate increased 1.7 percent to US$166.18, and revenue per available room grew 3.6 percent to US$109.23.
“The Middle East/Africa region reported its first positive month of RevPAR growth since the second half of 2008—resulting in only a 0.8 percent RevPAR decline for the first two months of this year, which is a marked improvement from a 10 percent RevPAR decline in the 4th quarter 2009”, said Elizabeth Randall, managing director of STR Global.
Source: STR Global / Nevistas

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