“Due to the Arab Spring starting early this year across Northern Africa, the performances between Africa and the Middle East differ greatly”, said Elizabeth Randall, managing director of STR Global. “The month of November saw the continued trend of the past few months. Africa reported declining demand (-7 percent) and drops in occupancy, average rate and RevPAR. RevPAR only grew in January against the prior year. The Middle East, partly benefiting from the influx of visitors who diverted from Northern Africa, saw strong demand growth and reporting increases in the key indicators for November and year-to-date”.
For more info click here:-
No comments:
Post a Comment