Metro Central tops performance benchmarks

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29/04/2015 - Our Portfolio Updates

TFG Asset Management’s Auris Metro Central Hotel Apartments topped its competitive set for RevPAR, ADR and Occupancy Rate in March.

The property, which is located in Dubai’s Barsha Heights (Tecom) precinct, also earned top honours according to new hotel benchmarking indices that not only correlate RevPAR, but also average occupancy and market penetration rates.

Studying market data for March, Auris Metro Central ranked first on the Occupancy Penetration Index/Market Penetration Index (MPI), with a score of 104. MPI is calculated by studying the ratio between the property’s total number of occupied rooms at any given time compared to the market average. A score above 100 indicates a strong market position.

It also ranked first on the RevPAR (Yield) Index/Revenue Generated Index (RGI) with a score of 114. RGI is calculated using a similar approach to MPI and again, a score of 100 represents a strong market performance.

Furthermore, Auris Metro Central ranked second in terms of the Average Rate Index (ARI) with a score of 110. ARI assesses the property’s average daily rate (ADR) performance. According to STR Global, an ARI greater than 100 indicates the property has outperformed the majority of its rivals.