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STR: Middle East and Africa hotel performance for April 2020

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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

Middle East

  • 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

Africa

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

Saudi Arabia

  • 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.

Qatar

  • 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.

A note to editors
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.

About STR
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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