Mideast, Africa hotels see big improvements in occupancy rates
LONDON, October 24, 2020
The hotels across the Middle East and Africa (MEA) region witnessed continued occupancy improvements in September, but at overall low levels, according to STR Global, a hotel data benchmarking company based in London.
The Middle East region saw its occupacy rates hit 43.3 per cent last month, down 30.8 per cent, while average daily rate (ADR) fell 13.5 per cent to $98.54 and revenue per available room (RevPAR) plunged 40.1 per cent to $42.64, stated STR in its September 2020 data.
On the Africa scenario, the industry expert said its occupacy rates plunged 61.2 per cent last month, while its RevPAR registered a 60.1 per cent drop standing at $42.64. However, there has been a marked improvement in its ADR for September which grew by 2.7 per cent to hit $99.99, it added.
According to STR, despite month-over-month improvements, the MEA saw their lowest absolute occupancy and RevPAR levels for any September on record.
In the Middle East region, Saudi Arabia saw its hotels making continued occupancy improvements for September with its figures standing at 34.4%, down 32.5% compared to last year.
The kingdom's ADR stood at SR508.8, down 12.5 per cent over last year, while its RevPAR fell 41 per cent to SR174.78, said the STR report.
Saudi Arabia’s key performance metrics were slightly lower than August when summer staycations and domestic demand following Eid Al Adha provided a small boost, it added.
In the Africa region, the South African market showed a marked improvement in its occupancy rates which hit 27.4% for September, down 59.6% last year, said the report.
The country's ADR stood at ZAR982.48, down 17.5% last month while its RevPAR fell 66.7% to ZAR268.75, said the industry expert.
Each of the three key performance metrics were the highest for any month in South Africa since March, it added.-TradeArabia News Service
