Hotel properties in Bahrain’s capital city Manama recorded their “first Q1 increase in RevPAR since 2014”, data from STR revealed.
Manama recorded an increase of 12.5% in occupancy taking the total to 58.4%, while average room rates (ADR) rose by 1.6% while RevPAR rose by 14.3%.
According to analysts, March was “the best month of the quarter with a 17.4% rise in occupancy and a 5.5% lift in ADR “, that resulted in a 23.8%jump in RevPAR.
Analysts attributed this drastic rise in March to the F1 Grand Prix that took place in the capital city.
Egypt hotel market:
The hotel market in Cairo and Giza recorded an increase of 6.8% in occupancy that took the total to 78.2%, ADR increased by 6.1%, while RevPAR rose by 13.3%.
Analysts said that Egypt's "increased stability and government campaigns to boost tourism" have "aided hotel performance recovery".