Despite Month-over-month Improvements, Both the Middle East and Africa Hotels Saw Their Lowest Absolute Occupancy and RevPAR Levels for Any August on Record

Museum of Islamic Art, Doha, Qatar - Photo by Florian Wehde on Unsplash
Despite Month-over-month Improvements, Both the Middle East and Africa Hotels Saw Their Lowest Absolute Occupancy and RevPAR Levels for Any August on Record

In August, hotels in the Middle East saw occupancy decrease 32.5% to 42.6%, ADR fall 26.3% to $115.46 and RevPAR decline 50.3% to $49.23. In Africa, hotel occupancy decreased 60.5% to 25%, ADR dipped 11.8% to $95.75 and RevPAR dropped 65.1% to $23.91.

Hotels in both the Middle East and Africa showed continued improvements but overall low performance, according to August 2020 data from STR.

U.S. dollar constant currency, August 2020 vs. August 2019

Middle East

  • Occupancy: -32.5% to 42.6%
  • Average daily rate (ADR): -26.3% to US$115.46
  • Revenue per available room (RevPAR): -50.3% to US$49.23

Africa

  • Occupancy: -60.5% to 25.0%
  • ADR: -11.8% to US$95.75
  • RevPAR: -65.1% to US$23.91

Despite month-over-month improvements, both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any August on record.

Local currency, August 2020 vs. August 2019

Oman

  • Occupancy: -64.6% to 16.0%
  • ADR: -32.7% to OMR37.85
  • RevPAR: -76.2% to OMR6.06

Each of the three key performance metrics were up from July. The ADR level was the highest in Oman since March.

Qatar

  • Occupancy: -6.1% to 53.6%
  • ADR: +19.2% to QAR444.29
  • RevPAR: +11.9% to QAR238.16

Qatar saw its first year-over-year RevPAR increase since January 2020. The ADR level was the highest for any month in the country since July 2017.

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.