Qatar hotel performance jumped for eventful December
Qatar’s hotel industry achieved record December performance with 78.5% occupancy, driven by major events like the Grand Prix and FIFA Finals. The article Qatar hotel performance jumped for eventful December first appeared in TravelDailyNews International.
WASHINGTON – Host of multiple events, Qatar’s hotel industry saw its highest December occupancy on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
December 2024 (year-over-year % change):
- Occupancy: 78.5% (+8.5%)
- Average daily rate (ADR): QAR489.03 (+15.0%)
- Revenue per available room (RevPAR): QAR384.02 (+24.8%)
Qatar’s daily occupancy levels peaked on Sunday, 1 December (91.9%), which was the final night of the Grand Prix race. The race pushed ADR and RevPAR levels to QAR619.18 and QAR568.95, respectively–the second highest levels posted that month.
Both ADR and RevPAR peaked on New Year’s Eve at QAR663.56 and QAR606.98, respectively.
Qatar also hosted the FIFA International Cup 2024 Finals on Wednesday, 18 December, which pushed performance: occupancy (80.8%), ADR (QAR488.89) and RevPAR (QAR394.91).
Occupancy remained above the 70% mark throughout the month in all but one day–Sunday, 22 December (68.7%).
The article Qatar hotel performance jumped for eventful December first appeared in TravelDailyNews International.
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