STR: Middle East and Africa hotel performance for 2020
LONDON—Hotels in both the Middle East and Africa reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR.
US$ constant currency, 2020 vs. 2019
- Occupancy: 45.9% (-30.3%)
- Average daily rate (ADR): US$117.23 (-17.3%)
- Revenue per available room (RevPAR): US$53.77 (-42.4%)
- Occupancy: 29.0% (-52.6%)
- ADR: US$103.12 (-3.3%)
- RevPAR: US$29.86 (-54.1%)
While total-year occupancy and RevPAR levels fell to all-time lows, both regions ended the year on a high note, with December monthly data reaching closer to pre-pandemic levels in each of the three key performance metrics.
Local currency, 2020 vs. 2019
- Occupancy: 56.6% (-14.8%)
- ADR: QAR356.13 (-4.4%)
- RevPAR: QAR201.50 (-18.5%)
Each of the three key performance metrics were the lowest for any year in STR’s Qatar database. However, the country’s occupancy level remained high compared with others around the world. In August and September, Qatar accomplished the rare feat of year-over-year growth in ADR (+0.1%).
United Arab Emirates
- Occupancy: 51.7% (-29.3%)
- ADR: AED418.83 (-16.5%)
- RevPAR: AED216.45 (-41.0%)
Each of the three key performance metrics were the lowest for any year in STR’s UAE database, but performance toward the end of the year pulled closer to pre-pandemic levels. December occupancy (67.4%) and RevPAR (AED371.24) were the highest in the country since February.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis can be found here.
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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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