Benchmark Middle East Hotel Benchmark Survey Report ober 211 The hotel benchmark report provides a monthly performance overview of leading hotels in the Middle East. The hotel set includes international branded and operated properties across the 5 star and 4 star segment.
Introduction We hope you enjoy the ober 211 report of the. Inside we cover occupancy and rate performance in key hotel markets across selected countries and cities in the Middle East on a monthly and year-to-date basis in local currencies and US dollars. This monthly Middle East Hotel Benchmark Survey and our monthly Spa Industry Benchmark Survey are part of our services to the hospitality sector. Ernst & Young s Transaction Real Estate Advisory Services team headquartered in Dubai is the leading business advisory practice in the region. Our team consists of professionals from around the globe with extensive real estate, hospitality operations and advisory experience. We understand and offer a full scope of multidisciplinary services for developers, lenders, owners and operators. Our specialist services include acquisitions, capital sourcing, highest and best use analysis, due diligence, market and financial feasibility studies, management company selection/contract reviews, strategic business planning, repositioning analysis, operational enhancement/diagnostics, valuations/appraisals and disposition, for every real estate industry segment such as hotel, residential, commercial, retail, restaurant, golf, marina, theme park and convention center. Ernst & Young is the largest professional services firm in Middle East with 2 offices in 15 countries and part of the global Ernst & Young network with over 152, people in 14 countries. Sincerely Yousef Wahbah Partner and Head of MENA Transaction Real Estate Page 3: We have highlighted the largest variance on a per month basis for the various markets over the last twelve month period in regards to occupancy, average room rate, and room yield Page 4: Dubai overall occupancy, average room rate and room yield over the past twelve months Page 5: Monthly performance of various markets compared to the previous year s monthly period in local currency. Page 6: Monthly performance of various markets compared to the previous year s monthly period in US Dollar currency. Page 7: Year-to-Date performance of various markets compared to previous year period in local currency. Page 8: Year-to-Date performance of various markets compared to previous year period in US Dollar currency.
kets with the largest variance on a per month basis % Occupancy Muscat Hotels Occupancy % ober 21 ober 211 9 8 7 75 8 79 75 85 68 65 68 76 6 57 54 Occupancy % 5 4 52 3 34 2 1 Average Room Rate Madina Hotels (US$) Average Room Rate ober 21 ober 211 5 45 445 Average Room Rate 4 35 3 25 2 15 1 167 362 128 144 161 141 139 115 118 137 142 334 5 Rev PAR in Makkah Hotels (US$) Room Yield ober 21 ober 211 8 7 722 6 5 53 Room Yield 4 3 26 2 1 81 82 141 176 169 177 121 125 18 72
Dubai overall monthly performance % Occupancy Dubai - Overall Hotels Occupancy % ober 21 ober 211 1 9 8 7 78 87.3 82 82 9.2 85.6 85.8 76.7 75.9 8.8 74.1 82.3 Occupancy % 6 5 52.6 4 3 2 1 Average Room Rate Dubai - Overall Hotels (US$) Average Room Rate ober 21 ober 211 3 25 255 262 245 256 262 269 255 Average Room Rate 2 15 1 231 193 156 158 147 189 5 Rev PAR in Dubai - Overall Hotels (US$) Room Yield ober 21 ober 211 25 2 199 228 189 21 231 224 231 21 Room Yield 15 1 148 119 128 14 5 77
Various markets monthly performance (Local Currency) Monthly Performance: 1/211 Currency: Local Currency 211 % 21 % Occupancy Average Room Rate Rooms Yield Change in % Points 211 21 Change 211 21 Change Bahrain Manama BHD 62. 71. -9. 83 98-15.7% 52 7-25.7% Egypt Cairo City EGP 39. 81. -42. 647 698-7.3% 254 569-55.4% Cairo Overall EGP 43.9 81.4-37.5 675 699-3.5% 296 569-47.9% Hurghada EGP 74. 93. -19. 274 361-24.% 25 339-39.5% Sharm El Shaikh EGP 71. 92. -21. 325 447-27.4% 231 412-44.% Jordan Amman JOD 64. 81. -17. 1 15-4.9% 64 86-24.7% Kuwait Kuwait KWD 57. 56. 1. 93 85 9.% 53 48 9.8% Lebanon Beirut LBP 65. 71. -6. 38,329 322,723-4.5% 23,175 229,338-11.4% Oman Muscat OMR 76. 75. 1. 95 9 6.% 73 68 6.8% Qatar Doha QAR 67. 71. -4. 961 1,4-7.5% 653 744-12.2% Saudi Arabia Jeddah SAR 77. 75. 2. 787 743 5.9% 66 562 7.8% Madina SAR 61. 48. 13. 1,251 625 1.% 763 35 15.6% Makkah SAR 55. 31. 24. 1,758 954 84.2% 976 33 221.7% Riyadh SAR 62. 68. -6. 925 95 2.2% 582 624-6.7% United Arab Emirates Abu Dhabi AED 81. 83. -2. 817 917-1.9% 669 763-12.3% Al Ain AED 6. 78. -18. 555 538 3.1% 338 424-2.4% Dubai Apartments AED 87. 82. 5. 418 4 4.6% 364 33 1.5% Dubai Beach AED 8. 8.. 1,426 1,445-1.3% 1,152 1,169-1.5% Dubai City AED 82. 76. 6. 688 69 -.2% 57 525 8.7% Dubai Overall AED 82.3 78. 4.3 935 936 -.1% 77 73 5.4% Notes Figures may not add up due to rounding. Cairo Overall includes: Cairo City and Cairo Pyramid Hotels. Dubai-Overall Includes: Dubai Beach, Dubai City and Dubai Apartment Hotels The Middle East Hotel Benchmark Survey was developed and is maintained by Ernst & Young s Dubai office under the direction of Yousef Wahbah who leads the Transaction Real Estate Advisory Services Group across the MENA region. It is intended for informational use only. The reader should consult his or her professional investment advisor, attorney, or accountant before making any decision or taking any action based upon the information presented in this document. Benchmark data is provided by individual hotel companies. While we believe the data collected is reliable, Ernst & Young has not performed an audit or review of the information gathered and does not express an opinion or any form of assurance on the accuracy of such information. This report is also proprietary of Ernst & Young and no part of this report, in whole or in part, may be reproduced or transmitted without written consent of Ernst & Young. All requests to reproduce this information must be addressed to yousef.wahbah@ae.ey.com. For information regarding the Hotel Benchmark, contact the Dubai office of Ernst & Young at +971 4 332 4.
Various markets monthly performance (US Dollar) Monthly Performance: 1/211 Currency: $ Currency 211 % 21 % Occupancy Average Room Rate Rooms Yield Change in % Points 211 21 Change 211 21 Change Bahrain Manama US $ 62. 71. -9. 22 261-15.7% 138 186-25.7% Egypt Cairo City US $ 39. 81. -42. 112 121-7.3% 44 99-55.4% Cairo Overall US $ 43.9 81.4-37.5 117 121-3.5% 51 99-47.9% Hurghada US $ 74. 93. -19. 48 63-24.% 36 59-39.5% Sharm El Shaikh US $ 71. 92. -21. 56 77-27.4% 4 71-44.% Jordan Amman US $ 64. 81. -17. 142 149-4.9% 91 121-24.7% Kuwait Kuwait US $ 57. 56. 1. 317 291 9.% 182 166 9.8% Lebanon Beirut US $ 65. 71. -6. 23 213-4.5% 134 151-11.4% Oman Muscat US $ 76. 75. 1. 247 233 6.% 189 177 6.8% Qatar Doha US $ 67. 71. -4. 264 286-7.5% 18 24-12.2% Saudi Arabia Jeddah US $ 77. 75. 2. 21 198 5.9% 162 15 7.8% Madina US $ 61. 48. 13. 334 167 1.% 24 81 15.6% Makkah US $ 55. 31. 24. 469 255 84.2% 26 81 221.7% Riyadh US $ 62. 68. -6. 247 241 2.2% 155 166-6.7% United Arab Emirates Abu Dhabi US $ 81. 83. -2. 222 25-1.9% 182 28-12.3% Al Ain US $ 6. 78. -18. 151 147 3.1% 92 115-2.4% Dubai Apartments US $ 87. 82. 5. 114 19 4.6% 99 9 1.5% Dubai Beach US $ 8. 8.. 388 394-1.3% 314 318-1.5% Dubai City US $ 82. 76. 6. 187 188 -.2% 155 143 8.7% Dubai Overall US $ 82.3 78. 4.3 255 255 -.1% 21 199 5.4% Notes Figures may not add up due to rounding. Cairo Overall includes: Cairo City and Cairo Pyramid Hotels. Dubai-Overall Includes: Dubai Beach, Dubai City and Dubai Apartment Hotels The Middle East Hotel Benchmark Survey was developed and is maintained by Ernst & Young s Dubai office under the direction of Yousef Wahbah who leads the Transaction Real Estate Advisory Services Group across the MENA region. It is intended for informational use only. The reader should consult his or her professional investment advisor, attorney, or accountant before making any decision or taking any action based upon the information presented in this document. Benchmark data is provided by individual hotel companies. While we believe the data collected is reliable, Ernst & Young has not performed an audit or review of the information gathered and does not express an opinion or any form of assurance on the accuracy of such information. This report is also proprietary of Ernst & Young and no part of this report, in whole or in part, may be reproduced or transmitted without written consent of Ernst & Young. All requests to reproduce this information must be addressed to yousef.wahbah@ae.ey.com. For information regarding the Hotel Benchmark, contact the Dubai office of Ernst & Young at +971 4 332 4.
Various markets Year-to-Date performance (Local Currency) Year-to-Date Performance: 1/211 1/211 Currency: Local Currency 211 % 21 % Occupancy Average Room Rate Rooms Yield Change in % Points 211 21 Change 211 21 Change Bahrain Manama BHD 32. 62. -3. 85 96-11.6% 28 6-53.7% Egypt Cairo City EGP 33. 71. -38. 695 664 4.7% 231 477-51.5% Cairo Pyramids EGP 54. 72. -18. 759 697 8.8% 415 57-18.2% Cairo Overall EGP 35. 71. -36. 77 668 5.9% 255 481-47.% Hurghada EGP 63. 86. -23. 214 261-18.2% 136 225-39.8% Sharm El Shaikh EGP 55. 86. -31. 286 361-2.7% 16 311-48.6% Jordan Amman JOD 55. 65. -1. 11 13-1.9% 56 67-15.8% Kuwait Kuwait KWD 52. 53. -1. 82 77 5.9% 43 42 4.% Lebanon Beirut LBP 56. 68. -12. 332,381 388,66-14.5% 187,923 266,335-29.4% Oman Muscat OMR 63. 65. -2. 81 78 3.4% 51 51.7% Qatar Doha QAR 62. 62.. 952 1,17-6.4% 595 631-5.6% Saudi Arabia Jeddah SAR 72. 72.. 89 796 1.6% 583 581.5% Madina SAR 66. 65. 1. 719 64 12.3% 478 419 14.1% Makkah SAR 74. 7. 4. 1,84 1,3 5.2% 88 731 1.6% Riyadh SAR 58. 55. 3. 87 871 -.1% 56 485 4.4% United Arab Emirates Abu Dhabi AED 75. 73. 2. 754 818-7.7% 568 598-5.% Al Ain AED 65. 73. -8. 576 583-1.2% 375 431-12.8% Dubai Apartments AED 82. 79. 3. 418 425-1.6% 346 337 2.6% Dubai Beach AED 8. 79. 1. 1,137 1,7 6.3% 917 846 8.4% Dubai City AED 76. 71. 5. 634 637 -.5% 487 457 6.7% Dubai Overall AED 78. 74. 4. 797 778 2.5% 626 58 7.8% Notes Figures may not add up due to rounding. Cairo Overall includes: Cairo City and Cairo Pyramid Hotels. Dubai-Overall Includes: Dubai Beach, Dubai City and Dubai Apartment Hotels The Middle East Hotel Benchmark Survey was developed and is maintained by Ernst & Young s Dubai office under the direction of Yousef Wahbah who leads the Transaction Real Estate Advisory Services Group across the MENA region. It is intended for informational use only. The reader should consult his or her professional investment advisor, attorney, or accountant before making any decision or taking any action based upon the information presented in this document. Benchmark data is provided by individual hotel companies. While we believe the data collected is reliable, Ernst & Young has not performed an audit or review of the information gathered and does not express an opinion or any form of assurance on the accuracy of such information. This report is also proprietary of Ernst & Young and no part of this report, in whole or in part, may be reproduced or transmitted without written consent of Ernst & Young. All requests to reproduce this information must be addressed to yousef.wahbah@ae.ey.com. For information regarding the Hotel Benchmark, contact the Dubai office of Ernst & Young at +971 4 332 4.
Various markets Year-to-Date performance (US Dollar) Year-to-Date Performance: 1/211 1/211 Currency: $ Currency 211 % 21 % Occupancy Average Room Rate Rooms Yield Change in % Points 211 21 Change 211 21 Change Bahrain Manama US $ 32. 62. -3. 224 254-11.6% 74 16-53.7% Egypt Cairo City US $ 33. 71. -38. 12 115 4.7% 4 83-51.5% Cairo Pyramids US $ 54. 72. -18. 131 121 8.8% 72 88-18.2% Cairo - Overall US $ 35. 71. -36. 123 116 5.9% 44 83-47.% Hurghada US $ 63. 86. -23. 37 45-18.2% 23 39-39.8% Sharm El Shaikh US $ 55. 86. -31. 5 63-2.7% 28 54-48.6% Jordan Amman US $ 55. 65. -1. 143 146-1.9% 8 95-15.8% Kuwait Kuwait US $ 52. 53. -1. 28 265 5.9% 148 143 4.% Lebanon Beirut US $ 56. 68. -12. 219 256-14.5% 124 176-29.4% Oman Muscat US $ 63. 65. -2. 21 23 3.4% 134 133.7% Qatar Doha US $ 62. 62.. 262 28-6.4% 164 173-5.6% Saudi Arabia Jeddah US $ 72. 72.. 216 212 1.6% 156 155.5% Madina US $ 66. 65. 1. 192 171 12.3% 128 112 14.1% Makkah US $ 74. 7. 4. 289 275 5.2% 216 195 1.6% Riyadh US $ 58. 55. 3. 232 232 -.1% 135 129 4.4% United Arab Emirates Abu Dhabi US $ 75. 73. 2. 25 223-7.7% 155 163-5.% Al Ain US $ 65. 73. -8. 157 159-1.2% 12 117-12.8% Dubai Apartments US $ 82. 79. 3. 114 116-1.6% 94 92 2.6% Dubai Beach US $ 8. 79. 1. 31 291 6.3% 25 23 8.4% Dubai City US $ 76. 71. 5. 173 174 -.5% 133 124 6.7% Dubai Overall US $ 78. 74. 4. 217 212 2.5% 17 158 7.8% Notes Figures may not add up due to rounding. Cairo Overall includes: Cairo City and Cairo Pyramid Hotels. Dubai-Overall Includes: Dubai Beach, Dubai City and Dubai Apartment Hotels The Middle East Hotel Benchmark Survey was developed and is maintained by Ernst & Young s Dubai office under the direction of Yousef Wahbah who leads the Transaction Real Estate Advisory Services Group across the MENA region. It is intended for informational use only. The reader should consult his or her professional investment advisor, attorney, or accountant before making any decision or taking any action based upon the information presented in this document. Benchmark data is provided by individual hotel companies. While we believe the data collected is reliable, Ernst & Young has not performed an audit or review of the information gathered and does not express an opinion or any form of assurance on the accuracy of such information. This report is also proprietary of Ernst & Young and no part of this report, in whole or in part, may be reproduced or transmitted without written consent of Ernst & Young. All requests to reproduce this information must be addressed to yousef.wahbah@ae.ey.com. For information regarding the Hotel Benchmark, contact the Dubai office of Ernst & Young at +971 4 332 4.
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