For October Hotels in Both the Middle East and Africa Recorded Their Highest Absolute Occupancy Level Since February
Hotels in the Middle East saw occupancy decline 33.8% year over year to 44.2% in October as ADR dipped 23.2% to $108.47 and RevPAR decreased 49.2% to $47.96. In Africa, hotel occupancy fell 56.3% to 28.6%, ADR dipped 3.5% to $101.71 and RevPAR dropped 57.8% to $29.08 for the month.
Hotels in both the Middle East and Africa recorded their highest absolute occupancy level since February, according to October 2020 data from STR.
US$ constant currency, October 2020 (percentage change from October 2019)
• Occupancy: 44.2% (-33.8%)
• Average daily rate (ADR): US$108.47 (-23.2%)
• Revenue per available room (RevPAR): US$47.96 (-49.2%)
• Occupancy: 28.6% (-56.3%)
• ADR: US$101.71 (-3.5%)
• RevPAR: US$29.08 (-57.8%)
Local currency, October 2020 (percentage change from October 2019)
• Occupancy: 56.6% (-22.6%)
• ADR: QAR361.59 (-6.3%)
• RevPAR: QAR204.58 (-27.5%)
Qatar’s occupancy was slightly lower than September, but ADR and RevPAR were up from the month prior.
United Arab Emirates
• Occupancy: 52.7% (-31.5%)
• ADR: AED358.69 (-33.2%)
• RevPAR: AED189.19 (-54.2%)
Each of the three key performance metrics were up from previous months. The occupancy and RevPAR levels were the highest in the UAE since February.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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