Qatar's Hospitality Sector Reports Gain In Rooms' Yield On A...| MENAFN.COM

Friday, 12 August 2022 12:40 GMT

Qatar's Hospitality Sector Reports Gain In Rooms' Yield On An Annualised Basis In June: PSA


(MENAFN- Gulf Times)

* Two and one-star hotels, standard hotel apartments lift rooms' yield year-on-year in Qatar's hospitality sector in June

Faster earnings-per-available-room, especially in the two and one-star hotels as well as standard hotel apartments, led Qatar's hospitality sector report gain in rooms' yield on an annualised basis in June 2022 amidst fall in occupancy, according to the official statistics. The country's hospitality sector witnessed overall gains in the room yield amidst a 500% surge in the visitor arrivals in the review period, said the figures released by the Planning and Statistics Authority (PSA). In June 2022, Qatar has seen a total 145,641 visitor arrivals with majority coming in from the Gulf Co-operation Council (GCC) countries.
The visitor arrivals from the GCC were 59,620 or 41% of the total, followed by other Asia (including Oceania) 33,790 or 23%, Europe 24,502 or 17%, other Arab countries 10,134 or 7%, Americas 15,196 or 10% and other African countries 2,399 or 2%. The properties that have been utilised as quarantine/Covid-19 response facilities have been removed from the full market data set from March 2020, PSA said.
The country's overall hospitality sector saw a 4.51% year-on-year increase in average revenue per available room to QR278 in June 2022 as the average room rate grew 8.22% to QR474 amidst fall in occupancy to 59% in the review period.
The two-star and one-star category hotels' average revenue per available room soared 73.68% year-on-year to QR165 in June this year.
The average room rate in two-star and one-star hotels shot up 33.08% on yearly basis to QR177 and occupancy by 22% to 93%. The three-star hotels witnessed an 18.85% year-on-year surge in average revenue per available room to QR164 in June this year.
The average room rate was seen rising 19.64% year-on-year to QR201 as occupancy was flat at 82%. The average revenue per available room in the four-star hotel category rose 10.95% on an annualised basis to QR152 in June 2022.
The average room rate in the four-star hotels was up 9.96% to QR254 and the occupancy was up 1% to 60% in the review period.
However, in the case of five-star hotels, the average revenue per available room declined 11.24% on annualised basis to QR387 in June this year as the average room rate shrank 13.11% to QR643 even as the occupancy grew 1% to 60%. In the case of standard hotel apartments, the room yield soared 38.79% year-on-year to QR161 in June 2022.
The average room rate zoomed 34.41% year-on-year to QR207 and the occupancy by 3% to 78% in June 2022.
The deluxe hotel apartments saw a marginal 2.25% year-on-year growth in average revenue available per room to QR182 in June 2022.
The average room rate in the deluxe hotel apartments was seen gaining 27.48% on an annualised basis to QR385 but the occupancy plummeted 12% to 47%.

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