STR: Middle East and Africa hotel performance for July 2020
LONDON - Hotels in both the Middle East and Africa showed improved but low performance, according to July 2020 data from STR.
- Occupancy: -41.8% to 35.3%
- Average daily rate (ADR): -9.6% to US$106.93
- Revenue per available room (RevPAR): -47.4% to US$37.70
- Occupancy: -72.9% to 16.9%
- ADR: -10.8% to US$93.98
- RevPAR: -75.8% to US$15.91
Despite month-over-month improvements, both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any July on record.
Local currency, July 2020 vs. July 2019
United Arab Emirates
- Occupancy: -40.7% to 37.8%
- ADR: -3.6% to AED326.98
- RevPAR: -42.9% to AED123.44
Each of the three key performance metrics were up from June. The occupancy level was the highest in the UAE since March.
- Occupancy: -47.4% to 31.9%
- ADR: -12.9% to SAR520.11
- RevPAR: -54.1% to SAR165.70
Saudi Arabia's occupancy was slightly lower than June, but ADR and RevPAR were up month over month. The ADR level was the country's highest for any month this year.
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.