Hotels in Africa showed continued occupancy improvements
Hotels in both the Middle East and Africa showed continued occupancy improvements but at overall low levels, according to September 2020 data from STR.
US$ constant currency, September 2020 (percentage change from September 2019)
Middle East
• Occupancy: 43.3% (-30.8%)• Average daily rate (ADR): US$98.54 (-13.5%)• Revenue per available room (RevPAR): US$42.64 (-40.1%)
Africa
• Occupancy: 25.6% (-61.2%)• ADR: US$99.99 (+2.7%)• RevPAR: US$25.57 (-60.2%)
Despite month-over-month improvements, both the Middle East and Africa saw their lowest absolute occupancy and RevPAR levels for any September on record.
Local currency, September 2020 (percentage change from September 2019)
South Africa
• Occupancy: 27.4% (-59.6%)• ADR: ZAR982.48 (-17.5%)• RevPAR: ZAR268.75 (-66.7%)
Each of the three key performance metrics were the highest for any month in South Africa since March.
Saudi Arabia
• Occupancy: 34.4% (-32.5%)• ADR: SAR508.80 (-12.7%)• RevPAR: SAR174.78 (-41.0%)
Saudi Arabia’s key performance metrics were slightly lower than August when summer staycations and domestic demand following Eid al-Adha provided a small boost.
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.
