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Qatar’s hotel revenue falls 17.8% in April 2016

Qatar’s hotel revenue falls 17.8% in April 2016

DOHA: Figures from DTZ’s Q2 Qatar Market Report have revealed that Qatar’s hotel revenues fell by 17.8% over the year until April 2016, with occupancy falling to 64%.

In the last year-and-a-half, nearly 5,000 keys were added to the country’s supply, according to sister title Arabian Business.

Occupancy fell to 64% in April 2016 compared to 72% in the same month in 2015, while ADR saw a year-on-year decline of 6.5% from QR 551 (US $151) in April 2015 to QR 515 ($141) in April 2016.

RevPAR was also affected, with a 17.8% fall from QR 399 ($109.6) in April 2015 to QR 328 ($90.1) in April 2016.