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MEA Hotels Occupancy Hit All-Time Low in 2020 Published January 25th, 2021 - 10:00 GMT
Middle East hotels posted an occupancy decrease of 30 per cent for the year, hitting 45.9 per cent. (Shutterstock)
Hotels in both the Middle East and Africa reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR, a leading provider of market data on the hotel industry worldwide.
Middle East hotels posted an occupancy decrease of 30 per cent for the year, hitting 45.9 per cent. Average daily rate (ADR) and revenue per available room (RevPAR) also registered steep falls, dipping 17.3 per cent to $117.23 and 42.4 per cent to $53.77 , respectively.
MEA hotels occupancy, RevPAR hit all-time low in 2020
LONDON, January 25, 2021 Hotels in both the Middle East and Africa reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR, a leading provider of market data on the hotel industry worldwide. Middle East hotels posted an occupancy decrease of 30 per cent for the year, hitting 45.9 per cent. Average daily rate (ADR) and revenue per available room (RevPAR) also registered steep falls, dipping 17.3 per cent to $117.23 and 42.4 per cent to $53.77 , respectively. Hotels in Africa suffered greatly in 2020, posting occupancy dips of 52.6 per cent for the year 2020. ADR reached $103.12, down 3.3 per cent from 2019 and RevPAR was $29.86, a drop of 54.1 per cent compared to 2019.
January 2021 585 Hotels in both the Middle East and Africa reported all-time lows in occupancy and revenue per available room (RevPAR), according to year-end 2020 data from STR, a leading provider of market data on the hotel industry worldwide. Middle East hotels posted an occupancy decrease of 30 per cent for the year, hitting 45.9 per cent. Average daily rate (ADR) and revenue per available room (RevPAR) also registered steep falls, dipping 17.3 per cent to $117.23 and 42.4 per cent to $53.77 , respectively. Hotels in Africa suffered greatly in 2020, posting occupancy dips of 52.6 per cent for the year 2020. ADR reached $103.12, down 3.3 per cent from 2019 and RevPAR was $29.86, a drop of 54.1 per cent compared to 2019.
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