WASHINGTON – Qatar hotel performance jumped during Eid al-Fitr, according to April preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
April 2024 (year-over-year % change):
Occupancy: 62.6% (+32.3%)
Average daily rate (ADR): QAR463.54 (+4.4%)
Revenue per available room (RevPAR): QAR290.14 (+38.1%)
Qatar saw its highest daily occupancy levels on Thursday, 11 April (90.9%) and Friday, 12 April (91.7%). The country recorded its highest ADR on the same two nights, at QAR753.42 and QAR760.29, respectively. RevPAR peaked on Friday, 12 April, at QAR696.92.
Year-over-year performance comparisons were affected by an earlier Ramadan compared with 2023.
The article Qatar hotel market sees significant performance boost during Eid al-Fitr first appeared in TravelDailyNews International.