Qatar hotel occupancies slump 64% in April
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Qatar’s hotel occupancies plummeted 64% year on year in April and revenues dropped 17.8%, according to figures from DTZ’s Q2 Qatar Market Report.
Almost 5,000 hotel keys have been added to Qatar’s stock over the past 18 months and the additional supply has started to impact performance in the second quarter of 2016, said DTZ.
Occupancy levels were down 64% in April 2016 compared to 72% in the same month in 2015, while average daily rates saw a year-on-year decline of 6.5% from QR551 ($151) in April 2015 to QR515 ($141) in April 2016.
And revenue per available room (RevPAR) fell by 17.8% from QR399 ($109.6) in April 2015 to QR328 ($90.1) in April 2016.
The supply of new hotels in Qatar crossed 20,700 by the start of 2016, figures from Qatar Tourism Authority (QTA) reveal.
DTZ’s report shows that Doha has 123 hotel and hotel apartment complexes at present – 88% of which is categorised as either four-star or five-star.
Speaking to the media, DTZ associate director of consulting and research, Johnny Archer, said: “This definitely is a challenge in the hospitality market over the next few years in terms of trying to maintain and increase occupancy levels and performance measures.” QTA figures show that the number of tourist arrivals in Qatar increased by 3.7% year-on-year in 2015, DTZ’s report said. However, despite this rise, overall hotel occupancy rates declined by 2% to 71% in 2015.
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