Aug 25 2008
North America Behind in revPar
For the first half of 2008, North America was the only region not to record double-digit revenue per available room growth.
RevPAR in the Middle East, however, was as strong as its world leading occupancy rates. RevPAR grew 21.6% to US$135 in the region and enjoyed 74.3% occupancy rates.
“Most regions have seen strong growth for the first six months of 2008, which is a great result for the industry given the current economic uncertainties facing the global economy,” said Alex Kyriakidis, Global Managing Partner of Tourism, Hospitality and Leisure at Deloitte.
Dubai continued to enjoy growth though at a slower pace than previous years, coming in at 9.6% to US$274. Egypt and other countries in the region also enjoyed growth as resorts in the region become more popular with international travelers.
In North America, however, the story is less impressing. Room occupancy rates fell to 61.5% and average room rates grew only 4.8% to US$109, a $5.00 increase from the same period last year.
