Article Summary: Hotels in the Middle East reported occupancy decreased 31% to 36% in May as ADR fell 45.6% to $87.84 and RevPAR dropped 62.5% to $31.59. In Africa, hotel occupancy declined 72.1% to 14.2%, ADR fell 26.6% to $70.09 and RevPAR decreased 79.5% to $9.97.
Hotels in the Middle East reported occupancy decreased 31% to 36% in May as ADR fell 45.6% to $87.84 and RevPAR dropped 62.5% to $31.59. In Africa, hotel occupancy declined 72.1% to 14.2%, ADR fell 26.6% to $70.09 and RevPAR decreased 79.5% to $9.97.
Primary Category: Monthly Data
LONDON—Showing the continued impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during May 2020, according to data from STR.
U.S. dollar constant currency, May 2020 vs. May 2019
• Occupancy: -31.0% to 36.0%
• Average daily rate (ADR): -45.6% to US$87.84
• Revenue per available room (RevPAR): -62.5% to US$31.59
• Occupancy: -72.1% to 14.2%
• ADR: -26.6% to US$70.09
• RevPAR: -79.5% to US$9.97
Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any May on record.
Local currency, May 2020 vs. May 2019
United Arab Emirates
• Occupancy: -30.7% to 35.6%
• ADR: -35.0% to AED260.40
• RevPAR: -54.9% to AED92.62
The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s United Arab Emirates database. Occupancy and RevPAR were up from April levels.
• Occupancy: -65.3% to 11.6%
• ADR: -6.4% to BHD51.51
• RevPAR: -67.5% to BHD5.97
The absolute occupancy and RevPAR levels in Bahrain were the lowest for any month on record.
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Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
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Headline: STR: Middle East/Africa hotel performance for May 2020
Article Date: 6/24/2020
Article Time: 8:30:00 AM