The hospitality sector in Qatar saw a higher occupancy year-on-year in November 2018; but hotel rooms’ yield was on the decline, according to Ernst and Young (EY), a global consultant.
Nevertheless, the situation in Doha’s hospitality industry is far better than in the Gulf region where in some cities, hotel rooms’ yield had substantially deteriorated owing to substantial decline in the occupancy.
Qatar's hotels witnessed a 70.6% occupancy in November compared to 61.8% in the corresponding period of previous year, EY said in its benchmark survey report.
However, Doha hotel room's yield declined 8.4% to $78 mainly owing to a 19.9% decline in the average room rate to $110 in November last year.
Kuwait saw 55% occupancy (a 7.8% dip) and the rooms' yield was $101 (15.9% decline) and average room rate of $183 (-4%).
In Muscat, hotel rooms occupancy was down 4.1% to 65.2%, leading to a 21% plunge in rooms' yield to $92 as average room rate also declined 16.1% $141.
However, in Amman, hotel rooms' yield soared 6% to $91 mainly on the back of a 6.9% jump in occupancy to 69.2%; even as average room rate was down 4.6% $183 in November 2018.
Beirut hotels witnessed a robust 47.2% surge in rooms' yield to $125 as average room rate expanded 15.6% to $182 and occupancy by 14.7% to 68.5%.
