STR: Middle East and Africa hotel performance for April 2020
LONDON—Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR.
U.S. dollar constant currency, April 2020 vs. April 2019
- Occupancy: -58.0% to 31.2%
- Average daily rate (ADR): -35.1% to US$95.54
- Revenue per available room (RevPAR): -72.7% to US$29.82
- Occupancy: -79.8% to 12.5%
- ADR: -31.1% to US$77.85
- RevPAR: -86.1% to US$9.75
Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any month on record.
Local currency, April 2020 vs. April 2019
- Occupancy: -50.4% to 31.8%
- ADR: +4.9% to SAR474.66
- RevPAR: -47.9% to SAR151.11
The absolute occupancy level in Saudi Arabia was the lowest for any April since 2003. Key markets in the country, Jeddah and Riyadh, recorded 53.9% and 39.9% occupancy declines, respectively.
- Occupancy: -33.0% to 48.8%
- ADR: +4.6% to QAR410.36
- RevPAR: -29.9% to QAR200.45
The absolute occupancy level was the lowest for any April in STR’s Qatar database. At the market-level, Doha Centre experienced a drop in occupancy of 32.4%.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.
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