Home / Innovation / Hotels in the Middle East Report Mostly Negative Results for February 2020

Hotels in the Middle East Report Mostly Negative Results for February 2020

STR

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.

U.S. dollar constant currency, February 2020 vs. February 2019

Middle East

• 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

Africa

• 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.

Download the Global Performance Review

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.

Logos, product and company names mentioned are the property of their respective owners.

Check Also

Hilton to add California resort to Waldorf Astoria portfolio

Hilton to add California resort to Waldorf Astoria portfolio jfox Wed, 09/30/2020 – 12:40 Post …