LONDON—Hotels in the Middle East recorded their highest absolute occupancy level since February, while Africa hotels saw slightly lower occupancy than the previous month, according to November 2020 data from STR.
US$ constant currency, November 2020 (percentage change from November 2019)
Middle East
- Occupancy: 46.9% (-34.4%)
- Average daily rate (ADR): US$107.98 (-24.9%)
- Revenue per available room (RevPAR): US$50.63 (-50.7%)
Africa
- Occupancy: 27.8% (-58.7%)
- ADR: US$92.40 (-13.3%)
- RevPAR: US$25.73 (-64.2%)
Local currency, November 2020 (percentage change from November 2019)
Oman
- Occupancy: 24.1% (-66.0%)
- ADR: OMR33.81 (-45.2%)
- RevPAR: OMR8.15 (-81.4%)
Oman’s occupancy and RevPAR levels were its highest since March, while ADR was slightly lower than October.
Saudi Arabia
- Occupancy: 34.7% (-38.7%)
- ADR: SAR498.11 (+5.2%)
- RevPAR: SAR172.70 (-35.5%)
Each of the three key performance metrics were up from October levels. Monthly ADR increased year over year for the first time since April.
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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