Hotels in the Middle East And Africa Report Unprecedented Performance Lows for May 2020

Bahrain World Trade Center, Manama, Bahrain - Photo by Todd Gardner on Unsplash
The absolute occupancy and RevPAR levels in Bahrain were the lowest for any month on record.

Hotels in the Middle East reported occupancy decreased 31% to 36% in May as ADR fell 45.6% to $87.84 and RevPAR dropped 62.5% to $31.59. In Africa, hotel occupancy declined 72.1% to 14.2%, ADR fell 26.6% to $70.09 and RevPAR decreased 79.5% to $9.97.

Showing the continued impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during May 2020, according to data from STR.

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

Middle East

• Occupancy: -31.0% to 36.0%
• Average daily rate (ADR): -45.6% to US$87.84
• Revenue per available room (RevPAR): -62.5% to US$31.59

Africa

• Occupancy: -72.1% to 14.2%
• ADR: -26.6% to US$70.09
• RevPAR: -79.5% to US$9.97

Both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any May on record.

Local currency, May 2020 vs. May 2019

United Arab Emirates

• Occupancy: -30.7% to 35.6%
• ADR: -35.0% to AED260.40
• RevPAR: -54.9% to AED92.62

The absolute occupancy, ADR and RevPAR levels were the lowest for any May in STR’s United Arab Emirates database. Occupancy and RevPAR were up from April levels.

Bahrain

• Occupancy: -65.3% to 11.6%
• ADR: -6.4% to BHD51.51
• RevPAR: -67.5% to BHD5.97

The absolute occupancy and RevPAR levels in Bahrain were the lowest for any month on record.

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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.