Casablanca

Tourism Tattler - - BUSINESS & FINANCE - For de­tailed anal­y­sis visit http://hvi.hvs.com/mar­ket/africa/Moroc­co_-_Casablanca

Casablanca on the other hand has also seen a drop in per­for­mance, al­beit more mar­ginal than for Mar­rakech. Oc­cu­pancy fell slightly and ADR was flat in lo­cal cur­rency terms.

Casablanca may not ex­pe­ri­ence the same re­cov­ery sit­u­a­tion. The fear of ter­ror­ist at­tacks com­bined with eco­nomic un­cer­tainty and the lack of at­trac­tive new sup­ply will push the oc­cu­pancy and rates down, pro­duc­ing a 6.9% drop in REVPAR. Yet, the ad­di­tional in­come from the var­i­ous in­house F&B fa­cil­i­ties will help keep the val­ues at a sta­ble level of US$135,000 per room, al­though still lower than the pre-cri­sis level. The 186-room Four Sea­sons Ho­tel Casablanca has opened, mark­ing Four Sea­son Ho­tels and Re­sorts' sec­ond prop­erty in Morocco.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.