MEA hotels post negative performance in March

Showing the impact of the Covid-19 pandemic, hotels in the Middle East and Africa reported steep declines across the three key performance metrics in March, according to data from STR. Occupancy levels in the Middle East dropped 51.5% to 35.6%, and average daily rate (ADR) declined 19.3% to USD 114.88, forcing revenue per available room (RevPAR) to drop 60.8%to USD 40.86.

In the UAE, occupancy rates were recorded at 41.4% in March, a 49.2% dip compared to the same period in 2019. ADR was down 27.6% to USD 112 while RevPAR slipped 63.2% to USD 46.4. The absolute occupancy level was the lowest for any month in STR’s UAE database. Key markets in the country, Abu Dhabi and Dubai, recorded steep declines in occupancy, down 35.6% and 54.7%, respectively.

In Africa, occupancy rates declined 51.6% to 31.1%. The absolute occupancy level was the lowest for any month in STR’s South Africa database.

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