World Cup boosts hotel room yield in Qatar by around 300% in December
Doha’s hotel sector saw an almost 300% year-on-year increase in room yield in December 2022, as Qatar saw visitor numbers more than quadruple, particularly from the Americas and the Council of Gulf Cooperation (GCC). like other Arab countries, given the crucial FIFA World Cup matches, which resulted in success during the month, according to official data.
In December 2022, the hospitality sector saw average room rates increase in the range of 106% to 365% on an annualized basis, while visitor growth in the range of 142 to 587%, according to figures published by the Planning and Statistics Authority (APS).
The entire hotel sector in the country recorded a 285.84 year-on-year increase in average revenue per available room to QR 1,281 in December 2022, with the average room rate climbing by 328.4% to QR 2,112. The occupancy rate nevertheless fell from 6% to 61% during the period considered.
This upward trend in room yield in the hospitality sector is accompanied by a 317.6% year-on-year increase in visitor arrivals to 613,612 in December 2022, with the majority coming from of the GCC countries.
GCC visitor arrivals were 244,261 or 40% of the total; followed by Europe 103,067 or 17%; other Asia (including Oceania) 99,638 or 16%; other Arab countries 87,916 or 14%; Americas 68,422 or 11% and other African countries 10,308 or 2%.
Visitor arrivals from the Americas soared 586.9% on an annualized basis during the reporting period; then come the other Arab countries (479.4%), the GCC (447.5%), the other African countries (346.4%), Europe (206%) and the other Asian countries, including the Oceania (141.9%).
On a monthly basis, visitor arrivals from the GCC jumped 90.2% and those from other Arab countries jumped 2.9%; while those of the Americas fell by 49.6%, the other countries of Africa by 25.9%, the other Asia including Oceania by 13.4% and Europe by 9% in December 2022.
In the case of five-star hotels, the average revenue per available room soared by 305.84% on an annualized basis to reach QR 1,806 in December 2022, with the average room rate soaring by 364.5% to reach QR 3,140. The occupancy rate fell from 8% to 58% in December 2022.
The average revenue per available room in four-star hotels jumped 239.42% on an annual basis to QR 706 in December 2022, with the average room rate jumping 307.22% to QR 1,128. Occupancy dropped from 12% to 63% during the review period.
Three-star hotels recorded a 173.13% year-on-year increase in average revenue per available room to QR 620, with the average room rate increasing by 262.96% to QR 882 in December 2022. The occupancy rate fell by 23% to 70% during the period considered.
The average revenue per available room of two-star and one-star hotels jumped 197.73% year-on-year to QR 393 in December 2022, with the average room rate increasing by 106.28% to QR 427 and the rate occupancy from 28% to 92%.
Luxury hotel apartments saw a 327.35% year-on-year increase in average disposable income per room to QR1,000 in December 2022, with the average room rate in the category increasing by QR317.99 % on an annualized basis to reach 1,626 QR and the occupancy rate from 2% to 62% during the period under review.
In the case of standard hotel apartments, room yield improved by 143.06% year-on-year to reach QR 525 in December 2022. Average room rate jumped QR 275.5 % to reach 935 QR, even as occupancy dropped from 31% to 56% during the reporting period. .
World Cup boosts hotel room yield in Qatar by around 300% in December
