STR: Middle East and Africa hotel performance for May 2020
Showing the continued impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during May 2020, according to data from STR.
U.S. dollar constant currency, May 2020 vs. May 2019
- Occupancy: -31.0% to 36.0%
- Average daily rate (ADR): -45.6% to US$87.84
- Revenue per available room (RevPAR): -62.5% to US$31.59
- Occupancy: -72.1% to 14.2%
- ADR: -26.6% to US$70.09
- RevPAR: -79.5% to US$9.97
Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any May on record.
Local currency, May 2020 vs. May 2019
United Arab Emirates
- Occupancy: -30.7% to 35.6%
- ADR: -35.0% to AED260.40
- RevPAR: -54.9% to AED92.62
The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR's United Arab Emirates database. Occupancy and RevPAR were up from April levels.
- Occupancy: -65.3% to 11.6%
- ADR: -6.4% to BHD51.51
- RevPAR: -67.5% to BHD5.97
The absolute occupancy and RevPAR levels in Bahrain were the lowest for any month on record.
Additional COVID-19 analysis
All of STR's COVID-19 analysis 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.