Friday 16 April 2021

ME hotels show improved performance in August

LONDON, September 23, 2020

Hotels in the Middle East reported improved performance levels in August, with occupancy rising to 42.6%, marking a decline of 32.5% as against August 2019, according to data from STR, a provider of market data for the hotel industry.

Average daily rate (ADR) decreased by 26.3% during the month to $115.46 and the revenue per available room (RevPAR) decreased by 50.3% to $49.23, compared to August 2019.


Occupancy levels during August increased to 25%, reflecting a decline of 60.5% compared to the same month in 2019.
ADR decreased by 11.8% to during the month to $95.75, while RevPAR fell 65.1% to $23.91 last month.

Despite month-over-month improvements, both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any August on record.


Hotels in Oman posted a 16% surge in occupancy in August, marking a decline of 64.6% compared to August 2019.

ADR dropped by 32.7% to RO37.85 ($98) during August, compared to the same month in 2019, and   RevPAR declined 76.2% to RO6.06.

Each of the three key performance metrics was up from July. The ADR level was the highest in Oman since March.


Qatar hotels reported average occupancy of 53.6% in August, down 6.1% from August 2019. ADR during the month rose to QR444.29 ($120.5), up 19.2% from August 2019.  RevPAR increased 11.9% year-over-year to QR238.16.

Qatar saw its first year-over-year RevPAR increase since January 2020. The ADR level was the highest for any month in the country since July 2017. – TradeArabia News Service



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