Hotel RevPAR Growth Remained Positive Despite Economic & Geopolitical Uncertainty ...Middle East

The overall hotel occupancy rate increased by 0.4% year-over-year in Q1 as demand growth of 1.0% outpaced supply growth of 0.6%. A 1.9% increase in average daily rate (ADR), coupled with the slight increase in occupancy, led to a 2.2% increase in revenue per available room (RevPAR). Increased business travel in Q1 due to Easter falling in Q2 this year was partially offset by an 11.6% decline in inbound international travelers in March.

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