STR: Middle East/Africa hotel data for November 2020
 
STR: Middle East/Africa hotel data for November 2020
23 DECEMBER 2020 9:33 AM

Hotels in the Middle East saw occupancy fall 34.4% to 46.9% in November as ADR declined 24.9% to $107.98 and RevPAR decreased 50.7% to $50.63. Africa's hotels reported occupancy decreased 58.7% to $27.8%, ADR fell 13.3% to $92.40 and RevPAR dropped 64.2% to $25.73.

LONDON—Hotels in the Middle East recorded their highest absolute occupancy level since February, while Africa hotels saw slightly lower occupancy than the previous month, according to November 2020 data from STR.

US$ constant currency, November 2020 (percentage change from November 2019)

Middle East
• Occupancy: 46.9% (-34.4%)
• Average daily rate (ADR): US$107.98 (-24.9%)
• Revenue per available room (RevPAR): US$50.63 (-50.7%)

Africa
• Occupancy: 27.8% (-58.7%)
• ADR: US$92.40 (-13.3%)
• RevPAR: US$25.73 (-64.2%)

Local currency, November 2020 (percentage change from November 2019)

Oman
• Occupancy: 24.1% (-66.0%)
• ADR: OMR33.81 (-45.2%)
• RevPAR: OMR8.15 (-81.4%)

Oman’s occupancy and RevPAR levels were its highest since March, while ADR was slightly lower than October.

Saudi Arabia
• Occupancy: 34.7% (-38.7%)
• ADR: SAR498.11 (+5.2%)
• RevPAR: SAR172.70 (-35.5%)

Each of the three key performance metrics were up from October levels. Monthly ADR increased year over year for the first time since April.

Additional COVID-19 analysis
All of STR’s COVID-19 analysis, including press releases and webinar recordings, can be found here.

A note to editors
All references to STR data and analysis should cite “STR” as the source. Please refrain from citing “STR, Inc.” “Smith Travel Research” or “STR Global” in sourcing.

About STR
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.

International Media Contact
Rebeca Vélez Mínguez
Communications Executive
rvelezminguez@str.com
+44 (0)203 890 0056 ext. 0056

General Media Inbox
media@str.com

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editor-in-Chief Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.