Saturday 23 January 2021
 
»
 
»
Story

MEA hotels post highest occupancy since February

LONDON, November 23, 2020

Hotels in both the Middle East and Africa recorded their highest absolute occupancy level since February, according to October 2020 data from STR, a leading provider of market data on the hotel industry worldwide.

Middle East hotels recorded an occupancy increase of 44.2% during the month, but year-on-year figures were down 33.8%.

Average daily rate (ADR) reached $108.47 in October, down 23.2% from October 2019, while revenue per available room (RevPAR) was $47.96, a decline of 49.2% from October 2019.

Hotels in Africa posted occupancy rise of 28.6% during October, but against year-on-year, it was down 56.3%.
ADR reached $101.71, down 3.5% from October 2019 and RevPAR was $29.08, a year-on-year drop of -57.8%.

Hotels in Qatar posted occupancy rise of 56.6% during October, but against year-on-year, it was down 22.6%.

ADR reached QAR361.59 ($98.45), down 6.3% from October 2019 and RevPAR was QAR204.58, a year-on-year drop of 27.5%.

Qatar’s occupancy was slightly lower than September, but ADR and RevPAR were up from the month prior.

Hotels in the UAE posted occupancy rise of 52.7% during October, but against year-on-year, it was down 31.5%.

ADR reached AED358.69 ($97.6), down 33.2% from October 2019 and RevPAR was AED189.19, a year-on-year drop of 54.2%.

Each of the three key performance metrics was up from previous months. The occupancy and RevPAR levels were the highest in the UAE since February. – TradeArabia News Service




Tags:

More Travel, Tourism & Hospitality Stories

calendarCalendar of Events

Ads