ME hotels show improved performance in August

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.

Africa

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.

Oman

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

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

 

Source: http://www.tradearabia.com/news/TTN_373066.html

 

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