Hotels in Africa registered a growth in occupancy, average daily rate and revenue per available room, data by STR revealed.
According to analysts at 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.
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 since a 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.
Africa hotels register rise in RevPAR, ADR in Q3 2019
Published: 27 October 2019 - 6:30 a.m.
By: Priyanka Praveen