Doha, Qatar
Qatar’s April hotel performance peaks during Eid Al Fitr
DOHA, May 15, 2024
Qatar hotel performance jumped during Eid Al Fitr, according to April preliminary data from CoStar, a leading provider of online real estate marketplaces, information, and analytics in the property markets.
The April 2024 year-over-year % performance is as follows:
• Occupancy: 62.6% (+32.3%)
• Average daily rate (ADR): QAR463.54 or $127 (+4.4%)
• Revenue per available room (RevPAR): QAR290.14 (+38.1%)
Qatar saw its highest daily occupancy levels on Thursday, April 11 (90.9%) and Friday, April 12 (91.7%). The country recorded its highest ADR on the same two nights, at QAR753.42 and QAR760.29, respectively.
RevPAR peaked on Friday, April 12, at QAR696.92. – TradeArabia News Service