STR: Middle East and Africa hotel performance for May 2020
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.
Additional COVID-19 analysis
All of STR’s COVID-19 analysis 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.
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.
International Media Contact
Rebeca Vélez Mínguez
+44 (0)203 890 0056 ext. 0056
General Media Inbox