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REVPARRevenue Per Available Room (hotel industry)
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Revenue per available room (RevPAR) also jumped 5.8 per cent to $66.99.
In the first six months of 2019, the aforementioned Egyptian markets saw an average RevPAR growth of 25% compared to the same period last year, it added.
RevPAR in the second quarter was [pounds]85.55, up 1.1% in constant currency terms from [pounds]82.01 in the corresponding quarter of 2018.
According to the group's officials, system-wide comparable RevPAR for the first six months grew 1.6 %, driven by increases in both ADR and occupancy.Management and franchise fee revenues increased by 10% as a result of RevPAR growth.
The kingdom's RevPAR was also up by 22.4 per cent to 174.85 Moroccan dirhams, whilst its occupancy dropped marginally by 0.9 per cent.
Those decreases fell more in line with recent trends in the country, as RevPAR through July was down 6.9pc compared with the first seven months of 2016.
Dubai reported a 7.4 per cent decline in RevPAR to Dh852 in February according to STR Global's preliminary data for the month.
Also, according to Smith Travel Research the Key West market revenue per available room (RevPAR) was almost USD218 in 2013 and RevPAR growth in the market was 17.8% in 2013 and year-to-date till September 2014, RevPAR has grown by 14.4%.
Revenue per available room (RevPAR) rose 12.2 per cent y/y to AED 995 ($271), suggesting that hotels in Dubai continue to enjoy pricing power.
Overall occupancy rate The overall occupancy rate in Dubai increased by approximately five percentage points compared to May 2012, with average room rates increasing by 12.1 per cent and RevPAR increasing by 19.4 per cent.