LONDON—Hotels in both the Middle East and Africa recorded their highest absolute occupancy level since February, according to October 2020 data from STR.
US$ constant currency, October 2020 (percentage change from October 2019)
Middle East
- Occupancy: 44.2% (-33.8%)
- Average daily rate (ADR): US$108.47 (-23.2%)
- Revenue per available room (RevPAR): US$47.96 (-49.2%)
Africa
- Occupancy: 28.6% (-56.3%)
- ADR: US$101.71 (-3.5%)
- RevPAR: US$29.08 (-57.8%)
Local currency, October 2020 (percentage change from October 2019)
Qatar
- Occupancy: 56.6% (-22.6%)
- ADR: QAR361.59 (-6.3%)
- RevPAR: QAR204.58 (-27.5%)
Qatar’s occupancy was slightly lower than September, but ADR and RevPAR were up from the month prior.
United Arab Emirates
- Occupancy: 52.7% (-31.5%)
- ADR: AED358.69 (-33.2%)
- RevPAR: AED189.19 (-54.2%)
Each of the three key performance metrics were up from previous months. The occupancy and RevPAR levels were the highest in the UAE 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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