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Hotels in Doha Feature Declines in May
Did hotels in Qatar reach their limit and now are going to lose their positions? The Gulf Times has published quite a negative report prepared by Ernst & Young. The report throws the light upon the statistics for first 5 months of 2012. In brief, the yield of hotel rooms went down 8%, occupancy fell by 4%, and average room rates fell by 1.6%. This news appeared just together with the new about striking improvements of other countries of the Middle East.
May was definitely an unsuccessful month as yield per guestroom lost 10.2% (to US$164). Occupancy fell by 5% and room rates fell down by 3.7% to the average of US$266. Despite this fact, hotels in Saudi Arabia, Jeddah and Madina, feature a double-digit growth. The growth of yield per room of hotels in Madina estimated tremendous 25.1% to US$118, occupancy grew by 5% to 73%, and the rise of average room rates estimated 16%. Hotels in Jeddah feature the growth of average room rates by 8.5% to US$229, the growth of occupancy of 8% to 80%, and the increase of yield per room of 20.8% to US$184.
The United Arab Emirates also feature quite a stable situation with Dubai taking the lead over Al Ain and Abu Dhabi. Hotels in Dubai reached the growth of yield per room of 12.7% to US$227, the average room rates went up to 7.8% to US$264, and occupancy added 3% to 85%. In Abu Dhabi the occupancy level was flat at 79%, but the yield of guestrooms lost 11.2% to the level of US$163 because of a serious drop of room rates of US$204.
Finally, hotels in Kuwait also cannot be proud of their figures as the occupancy fell by 4% to 54%, the yield of guestrooms fell by 8.8% to US$149, and room rates lost 2.5% more to the average of US$273.
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