Data from STR has shown the performance of the hotel sector in MEA during February 2020.
STR explained that February this year represented the start of the impact COVID-19 would have on the sector, later becoming far more dramatic in March.
Compared to February 2019, the Middle East reported decreases across three of its key performance metrics. Occupancy, average daily rate (ADR) and revenue per available room (RevPAR) all dropped.
Occupancy in the region fell by 3% to 69.8%, while ADR lowered by 10.3% to US$133.40 and RevPAR decreased by 13% to $93.07.
Africa’s hotel market was more mixed, registering a drop in occupancy but increases in ADR and RevPAR. Occupancy fell by 0.4% to 61.6% while ADR and RevPAR grew by 1.4% and 1% to $113.31 and $69.78 respectively.STR recently revealed preliminary data for Dubai hotel performance in March. From March 1 to 8 this year compared to last; occupancy, ADR and RevPAR all fell substantially.