- Manama occupancy noticeably high, room rates low
- Doha Centre hotels see performance boost from double-digit demand growth
U.S. dollar constant currency, Q3 2019 vs. Q3 2018
• Occupancy: +2.4% to 62.2%
• Average daily rate (ADR): -6.7% to US$131.49
• Revenue per available room (RevPAR): -4.5% to US$81.80
• Occupancy: +1.0% to 64.0%
• Average daily rate (ADR): +3.5% to US$105.43
• Revenue per available room (RevPAR): +4.5% to US$67.53
Local currency, Q3 2019 vs. Q3 2018
• Occupancy: +3.8% to 55.5%
• ADR: +0.2% to BHD58.59
• RevPAR: +4.1% to BHD32.51
The absolute occupancy level was the highest for a third quarter in Manama since 2010, while the ADR level was the second-lowest for a Q3 since 2008. STR analysts note that August was the strongest month of the quarter when looking at absolute values: occupancy (59.3%), ADR (BHD61.33) and RevPAR (BHD36.38).
Doha Centre, Qatar
• Occupancy: +9.0% to 63.1%
• ADR: -0.7% to QAR261.51
• RevPAR: +8.2% to QAR165.03
The absolute occupancy level, driven by a 17.2% increase in demand, was the highest for a Q3 in Doha since 2014. When looking at individual months, September was Doha’s first month with a year-over-year increase in ADR since January 2015. STR analysts note that steady double-digit increases in demand have helped raise pricing confidence.
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