Hotels in Africa registered a growth in occupancy, average daily rate and revenue per available room according to hotel data provider, STR.
Occupancy rose by 1% to 64% when compared to the same period last year, while average daily rate (ADR) rose by 3.5% to US$105.43 according to analysts.
Meanwhile, revenue per available room (RevPAR) rose by 4.5% to US$67.53 when compared to Q3 in 2018.
Africa hotels’ performance indicators have been on a rise over the past few months. In September alone, RevPAR was on the rise for the 87th consecutive month, while ADR was up 3.3% and occupancy was up 2.9% when compared to September 2018.
Addis Ababa in Ethiopia recorded the highest ADR (Average Daily Rate) in the continent over a 12-month period.
Data from STR revealed that from July 2018 through June 2019, Addis Ababa registered an absolute ADR of US$163.79 when measured in constant currency, which smooths out inflation effects. That was an 1.1% increase year-over-year. Accra, Ghana with an ADR of $160.34 and Lagos ($132.51), were also top contenders.
Addis Ababa’s occupancy of 58.4% over the period was up 6.5% year over year. The city’s performance was driven by a growing economy, a successful airline and its diplomatic states in the shadow of AU.
Cairo & Giza (Egypt) was the continent’s occupancy leaders at 74.5%, followed by Cape Town Centre (65.0%), and Accra (59.7%).