U.S. dollar constant currency, May 2018 vs. May 2017
• Occupancy: -10.7% to 57.0%
• Average daily rate (ADR): +1.7% to US$151.62
• Revenue per available room (RevPAR): -9.1% to US$86.45
• Occupancy: -1.7% to 54.5%
• Average daily rate (ADR): +4.6% to US$109.67
• Revenue per available room (RevPAR): +2.8% to US$59.73
Local currency, May 2018 vs. May 2017
• Occupancy: -24.6% to 40.1%
• ADR: -12.4% to BHD59.76
• RevPAR: -33.9% to BHD23.99
Bahrain reported only 14 days with RevPAR growth in May, most of which came at the end of the month. STR analysts note that the country’s year-over-year performance was affected by the Ramadan calendar shift as well as a surplus in new supply (+9.1%). The trend of new rooms entering the market is likely to continue as Bahrain currently has 2,184 rooms in construction, roughly 13% of the country’s existing supply.
• Occupancy: +9.9% to 53.1%
• ADR: +5.7% to EGP1,259.36
• RevPAR: +16.2% to EGP668.40
As a sign of increased tourism and continued hotel performance recovery in the country, STR analysts point out that the 16.2% increase in RevPAR was actually the lowest year-over-year change in Egypt since October 2016. The absolute ADR level was the highest for any May on record.
• Occupancy: -6.3% to 57.1%
• ADR: -1.0% to ZAR1,108.09
• RevPAR: -7.2% to ZAR632.96
A 4.2% decrease in demand was the worst for any month in South Africa since January 2015. This decrease, paired with a 2.2% increase in supply, pressured performance levels for the month. STR analysts note that Cape Town reported double-digit declines in occupancy (-14.5% to 53.9%) and RevPAR (-20.2% to ZAR700.96), which was another sign that the city’s water crisis has affected hotel performance.