middle east hotel performance
Key Middle East Markets Show Mixed Profitability in May
STR | July 10, 2023
LONDON— Among key hotel markets in Middle East & Africa, Jordan and Qatar realized the only month-over-month gross operating profit per available room (GOPPAR) improvements, according to STR’s May 2023 P&L data release. Jordan’s GOPPAR level reached US$66.77 in May, showing a significant month-over-month increase (+34.1%). That level was 106% of what was seen in May 2022, but was down from the 369% index reported in April. Qatar reached a GOPPAR of US$37.95, down 20.9% year over year. The market, however, saw a month-over-month jump of 39.0% and was one of the only markets to show an improvement in the i...
STR: Eid al-Fitr Boosts Hotel Bookings in Key Middle East Markets
STR | April 20, 2023
LONDON – Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data. “While typically slower during Ramadan, leisure travel within the Middle East is set to resume during Eid,” said Kostas Nikolaidis, STR’s account executive, Middle East & Africa. “Many countries offer paid holidays for three to five days post-Ramadan, which is where we typically see spikes in occupancy. This year, however, Qatar announced an 11-day holiday, further extending the length of travel time available to celebrate the end of the Holy Month.” When loo...
STR: Middle East Hotel RevPAR Recovery Highest Among Global Regions
STR | January 26, 2022
LONDON — January 26, 2022 — The Middle East hotel industry reported revenue per available room (RevPAR) that was 85.6% of the pre-pandemic comparable, the highest among the global regions, according to year-end 2021 data from STR. “Year-end data displays the significant variance in recovery by region, stemming from different levels of pandemic restrictions around the world,” said Robin Rossmann, managing director at STR. “The Middle East has been a leader in both opening to international arrivals as well as hosting large events, such as Expo 2020, which has driven hotel performance in Dubai. On the other side of the spec...
Middle East Q3 2021 Hotel Performance Update
STR | November 9, 2021
Several countries in the Middle East have been racing ahead of the rest of the world in vaccination rollout. The United Arab Emirates is a prime example with more than 86% of its population fully vaccinated as of 25 October 2021, according to Our World in Data.As vaccination rates improve, restrictions for international travel continue to be eased and demand in the hotel sector continues to improve toward pre-pandemic levels. In September, Middle East hotel occupancy was 58.6%, which was the region’s highest level since February 2020 and 93.9 % of the 2019 comparable (62.4%). Those levels reflect a consistent upward trend as the region’s ...
Middle East’s Ramadan Hotel Occupancy Approached 2019 Level
STR | May 24, 2021
LONDON—The Middle East reported Ramadan hotel occupancy levels that were improved from last year and only slightly below the 2019 comparable, according to the latest data from STR. “Muslims worldwide have marked Ramadan in decidedly different ways over the last two years, but for the Middle East, there is a sense of some normalcy as vaccinations expand and domestic restrictions are lifted,” said Philip Wooller, STR’s area director for Middle East & Africa. “Key markets in the region have been outperforming their global peers, and near-normal occupancy levels for the holy month are another good indicator for the industry movi...
