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.