World Cup helps Qatar hotel rooms' yield surge in excess of 200% in November

Doha's hospitality sector saw a more-than-200% surge year-on-year in rooms' yield, notably in deluxe hotel apartments, in November 2022, as Qatar registered more than five-fold jump in visitors, particularly from Americas and the Gulf, in view of the FIFA World Cup kicking off by the third week, according to the official data.In November 2022, the hospitality sector saw the average room rates increase in the range of 107% to 324% on an annualised basis, while visitors' growth in the range of 233% to 1,959%, according to figures released by the Planning and Statistics Authority (PSA).The country's overall hospitality sector saw a 230.45% year-on-year surge in average revenue per available room to QR1,031 in November 2022 as the average room rate zoomed 308.72% to QR1,827. Occupancy was nevertheless seen declining 14% to 56% in the review period.This upward trend in the hospitality sector’s room yield comes amidst a 430.3% year-on-year surge in visitor arrivals to 591,738 in November 2022 with majority coming from the Americas and the Gulf Co-operation Council (GCC) countries.The visitor arrivals from the Americas were 135,635 or 23% of the total, followed by the GCC 128,423 or 22%, other Asia (including Oceania) 115,060 or 19%, Europe 113,288 or 19%, other Arab countries 85,414 or 14% and other African countries 13,918 or 2%.The visitor arrivals from the Americas zoomed about 21-fold year-on-year (1,959.1%) in the review period; followed by other African countries 861.9%, other Arab countries (496.9%), Europe (465.2%), other Asia, including Oceania (276.1%) and the GCC (232.7%).In the case of five-star hotels, the average revenue per available room soared 221.03% on annualised basis to QR1,374 in November 2022 as the average room rate skyrocketed 324.39% to QR2,610. The occupancy was seen dropping 17% to 53% in November 2022.The average revenue per available room in the four-star hotels shot up 203.46% on a yearly basis to QR613 in November 2022 as the average room rate jumped 322.11% to QR1,057. The occupancy plummeted 19% to 61% in the review period.The three-star hotels saw a 140.3% year-on-year jump in average revenue per available room to QR483 as average room rate grew 253.36% to QR788 in November 2022. The occupancy shrank 12% to 78% in the review period.The two-star and one-star hotels' average revenue per available room shot up 132.64% year-on-year to QR335 in November this year as the average room rate grew 106.99% to QR385 and occupancy by 15% to 92%.The deluxe hotel apartments saw a 346.12% year-on-year expansion in average revenue available per room to QR919 in November 2022 as the average room rate in the category was shooting up 303.47% on an annualised basis to QR1,513 but the occupancy shrank 3% to 52% in the review period.In the case of standard hotel apartments, the room yield improved by 132.78% year-on-year to QR419 in November 2022. The average room rate shot up 244.14% to QR764, even as occupancy fell 14% to 75% in the review period.