Doha hotels register highest occupancy rates in three years
The latest HotStats survey of full service hotels in five MENA cities, commented on by TRI Hospitality Consulting Middle East, showed that hotels in Doha recorded the highest occupancy levels seen in over three years, The Peninsula reported. The survey shows average occupancy at four and five star hotels in Doha reached 76.7%in May 2014, rising 11.2 percentage points compared to the same period last year. This rate is expected to push further up in the coming next months. Despite a decline in average room rates (ARR) of 4.1% to $ 222.19, the growth in demand drove revenue per available room (RevPAR) up 12.2% to $ 170.48. Coupled with increased performance in the rooms department, the 15.6% rise in total revenue per available room (TRevPAR) was supported by double-digit growth in Food & Beverages (F&B) revenues which comprised 47.5% of total revenues. Strong top-line performance in conjunction with the 2.1 percentage point drop in payroll costs boosted profitability levels by 23.1% during the month to $ 184.78.