The hospitality industry for Qatar is upbeat with the positive results of Doha’s hotel rooms’ yield gaining 37.5% and 27% during August and September 2014.
An Ernst & Young (EY) report also stated that this was mainly due to increase in average occupancy from 46% in August 2013 to 61% in August 2014. This was a result of GCC (Gulf Co-operation Council) nationals arriving in Doha for Eid. Across September 2014, occupancy in Doha rose from 59% in September 2013 to 74% in September 2014.
Elsewhere in the GCC; EY found that hotels in Manama witnessed an increase in occupancy of 19% during August 2014, when compared to 2013. In September 2014, an upward trend in occupancy continued, increasing by eight percent year-on-year.
UAE’s hospitality market witnessed a growth in occupancy and ADR through August and September 2014. Compared to the same months last year, Abu Dhabi’s hospitality market witnessed an increase in RevPAR of four percent and 6.8% respectively.
Dubai’s overall hospitality market recorded a drop in ADR in August and September 2014, compared to same months in 2013. The ADR dropped from US$213 in August 2013 to US$195 in August 2014. September also recorded a drop in ADR in terms of Dubai’s overall hospitality market, from US$217 in September 2013 to US$201 in September 2014.
Medina witnessed strong growth with occupancy increasing by 12%. In September 2014, Medina recorded an increase in ADR from US$186 in September 2013 to US$258 in September 2014, resulting in a rise of 79.4% in RevPAR during the same period.