STR: Middle East/Africa Hotel Data For February 2020
February hotel occupancy in the Middle East dipped 3% to 69.8%, ADR decreased 10.3% to $133.40 and RevPAR fell 13% to $93.07. In Africa, occupancy dipped 0.4% to 61.6%, but a 1.4% ADR increase to $113.31 pushed RevPAR up 1% to $69.78.
LONDON - Hotels in the Middle East reported mostly negative February 2020 performance results, while hotels in Africa posted mixed results across the three key performance metrics, according to data from STR.
- Occupancy: -3.0% to 69.8%
- Average daily rate (ADR): -10.3% to US$133.40
- Revenue per available room (RevPAR): -13.0% to US$93.07
- Occupancy: -0.4% to 61.6%
- ADR: +1.4% to US$113.31
- RevPAR: +1.0% to US$69.78
February data had not yet shown the full COVID-19 impact on hotels across the region. STR continues to monitor the situation and issue preliminary data press releases, such as one specific to Dubai performance through 8 March. More information and analysis, including a recent Middle East & Africa webinar, can be found here.
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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