Dubai's hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR. Year-over-year declines in the key performance metrics remained significant.
Hotels in both the Middle East and Africa showed continued improvements but overall low performance, according to August 2020 data from STR.
Abu Dhabi's hotel industry reported improved performance levels from previous months, according to preliminary August 2020 data from STR. Compared with August 2019:
The world continues to deal with a pandemic that doesn't want to subside. The hotel industry could use some breathing space. months of profitability, with Asia-Pacific the exception, after two consecutive months of positive gross operating profit per available room (GOPPAR).
Hotels in both the Middle East and Africa showed improved but low performance, according to July 2020 data from STR.
This issue of our Monitor series is a landmark in so many ways. First, never has our industry sustained such prodigious pressure on performance across all markets in all countries across all continents for so long and to such a debilitating degree.
Jeddah's hotel industry reported improved but low performance levels during July 2020, according to preliminary data from STR.
Hotels in both the Middle East and Africa reported lower occupancy but improved room rates from the previous month, according to June 2020 data from STR.
Dubai's hotel industry reported slightly improved but still relatively low performance levels, according to preliminary June data from STR. Compared with June 2019:
Like the rest of the world, the Middle East's hotel industry fell off the cliff in March and sunk deeper in April. But if May is any indication, its fortunes may slowly be turning, albeit still well off pre-COVID levels.