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08. Februar 2012 
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Riyadh hotels achieve the highest rates and profits in MENA in 2011
Hotels in Riyadh achieved the highest Average Room Rate (ARR) and Gross Operating Profit Per Available Room (GOPPAR) in the region for the month of December and full year 2011, according to the latest HotStats survey by TRI Hospitality Consulting.
Monthly performance indicators for Riyadh hotels show marginal changes in occupancy (+1.2 percentage point) and ARR (-3.0%) in December 2011 compared to the same period in 2010. For the full year 2011, hotels in Riyadh posted the highest ARR (US$261.89), the lowest payroll levels (17.6%) and the highest GOPPAR (US$138.01) amongst the six cities surveyed by HotStats. Occupancy for the full year stood at 60.4% which, despite being the lowest amongst the four GCC cities surveyed, managed to post a growth of 4.6 percentage points during the year.
Jeddah hotels reported a somewhat opposite growth trend to Riyadh during the month. Occupancy in Jeddah dropped 3.2 percentage points in December 2011 to 67.2% while ARR increased to US$ 203.65 (+5.8%). GOPPAR levels for the month posted a notable drop of 13.7% to yield US$92.74 per available room. Occupancy and ARR for Jeddah hotels for the full year 2011 stood at 74.3% and US$204.75 respectively. However, despite achieving a TrevPAR just below Riyadh, the significantly higher payroll costs for hotels in Jeddah have had an impact on the profits, finishing the year with a GOPPAR of US$107.6, about three quarters of the profit achieved by Riyadh hotels.
Egypt saw the largest decline in hotel performance amongst the six cities surveyed by in the region, both in terms of December monthly and 2011 full year figures, as the country remained under the grip of popular unrest and political uncertainty since January 2011. The capital city of Cairo reported occupancy of 36.3% for the month, down by 37.1 percentage points from the previous year. However, ARR levels have held up despite the turmoil, dropping only by 4.4% from the previous year to close the month at US$117.47. Occupancy and ARR for the full year 2011 stood at 38.3% and US$121.02 respectively while TRevPAR and GOPPAR for the period were down by 39.8% and 56.1% compared to the respective figures in 2010.
Monthly performance indicators for Riyadh hotels show marginal changes in occupancy (+1.2 percentage point) and ARR (-3.0%) in December 2011 compared to the same period in 2010. For the full year 2011, hotels in Riyadh posted the highest ARR (US$261.89), the lowest payroll levels (17.6%) and the highest GOPPAR (US$138.01) amongst the six cities surveyed by HotStats. Occupancy for the full year stood at 60.4% which, despite being the lowest amongst the four GCC cities surveyed, managed to post a growth of 4.6 percentage points during the year.
Jeddah hotels reported a somewhat opposite growth trend to Riyadh during the month. Occupancy in Jeddah dropped 3.2 percentage points in December 2011 to 67.2% while ARR increased to US$ 203.65 (+5.8%). GOPPAR levels for the month posted a notable drop of 13.7% to yield US$92.74 per available room. Occupancy and ARR for Jeddah hotels for the full year 2011 stood at 74.3% and US$204.75 respectively. However, despite achieving a TrevPAR just below Riyadh, the significantly higher payroll costs for hotels in Jeddah have had an impact on the profits, finishing the year with a GOPPAR of US$107.6, about three quarters of the profit achieved by Riyadh hotels.
Egypt saw the largest decline in hotel performance amongst the six cities surveyed by in the region, both in terms of December monthly and 2011 full year figures, as the country remained under the grip of popular unrest and political uncertainty since January 2011. The capital city of Cairo reported occupancy of 36.3% for the month, down by 37.1 percentage points from the previous year. However, ARR levels have held up despite the turmoil, dropping only by 4.4% from the previous year to close the month at US$117.47. Occupancy and ARR for the full year 2011 stood at 38.3% and US$121.02 respectively while TRevPAR and GOPPAR for the period were down by 39.8% and 56.1% compared to the respective figures in 2010.
