Article Summary: Hotels in the Middle East reported occupancy fell 42.9% to 33.6% in June as ADR declined 24.9% to $97.31 and RevPAR dropped 57.1% to $32.72. In Africa, hotel occupancy decreased 76.8% to 13.8%, ADR dipped 27.1% to $74.13 and RevPAR dropped 83.1% to $10.23.
Hotels in the Middle East reported occupancy fell 42.9% to 33.6% in June as ADR declined 24.9% to $97.31 and RevPAR dropped 57.1% to $32.72. In Africa, hotel occupancy decreased 76.8% to 13.8%, ADR dipped 27.1% to $74.13 and RevPAR dropped 83.1% to $10.23.
Primary Category: Monthly Data
LONDON—Hotels in both the Middle East and Africa reported lower occupancy but improved room rates from the previous month, according to June 2020 data from STR.
U.S. dollar constant currency, June 2020 vs. June 2019
• Occupancy: -42.9% to 33.6%
• Average daily rate (ADR): -24.9% to US$97.31
• Revenue per available room (RevPAR): -57.1% to US$32.72
• Occupancy: -76.8% to 13.8%
• ADR: -27.1% to US$74.13
• RevPAR: -83.1% to US$10.23
Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any June on record.
Local currency, June 2020 vs. June 2019
• Occupancy: -17.8% to 48.1%
• ADR: +0.7% to QAR387.74
• RevPAR: -17.3% to QAR186.68
While Qatar’s occupancy was slightly lower than May, ADR and RevPAR were up month over month. The ADR level was the country’s highest for any month this year.
• Occupancy: -59.4% to 15.7%
• ADR: -41.0% to OMR28.19
• RevPAR: -76.1% to OMR4.42
The absolute levels for each of the three key performance metrics were the lowest for any June in STR’s Oman database. However, each of the metrics were up from May.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
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All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.
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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Headline: STR: Middle East/Africa hotel performance for June 2020
Article Date: 7/24/2020
Article Time: 8:13:00 AM