Hospitality sector records improved rooms' yield as occupancy jumps in October: PSA

Qatar's hospitality sector witnessed improved rooms' yield in October 2023 on an annualised basis on higher occupancy, according to the Planning and Statistics Authority (PSA).
The growth in revenue-per-available room came largely due to the five-star hotels as well as deluxe and standard hotel apartments; while occupancy increase was witnessed across the board, notably in the hotel apartments and three-star hotels in the review period.
The higher rooms’ yield year-on-year comes amidst 288,831 visitor arrivals, which registered 60.8% and 16.9% increase year-on-year and month-on-month respectively in October 2023.
Qatar's hospitality sector overall saw a 7.94% year-on-year jump in average revenue per available room to QR272 and occupancy by 10% to 66%, even as the average room rate declined 9.66% to QR414 in October 2023.
The five-star hotels witnessed the average revenue per available room surge 11.89% to QR367 and occupancy by 7% to 62%, even as average room rate was down 1.49% to QR594 in the review period.
The visitor arrivals from other Asia (including Oceania) were 81,878 or 28% of the total, the Gulf Co-operation Council or GCC 78,130 (27%), Europe 76,053 (26%), other Arab countries 23,549 (8%), Americas 22,008 (8%), and other African countries 7,213 (2%) in October this year.
On an annualised basis, the visitor arrivals from other Asia (including Oceania) zoomed 113.8%, Europe by 104.3%, Americas by 63.5%, GCC by 29.7% and other Arab countries by 17.6%, while those from other African countries fell 30% in October 2023.
On a month-on-month basis, the visitor arrivals from Europe shot up 71.6%, Americas by 24%, other Arab countries by 13.7%, other Asia (including Oceania) by 12.3% other African countries by 8%, whereas those from the GCC declined 7.8% in the review period.
The deluxe hotel apartments registered a 7.94% year-on-year increase in average revenue available per room to QR231 this October with occupancy jumping 14% to 68%, even as the average room rate in the category was seen dipping 14.21% on an annualised basis to QR338 in the review period.
In the case of standard hotel apartments, the room yield improved by 5.56% year-on-year to QR152 and occupancy by 16% to 71%, even as the average room rate shrank 17.94% to QR215 in October 2023.
However, the average revenue per available room in the four-star hotels plummeted 12.5% on a yearly basis to QR140 in October 2023 as the average room rate were lower by 27.67% to QR217, but the occupancy zoomed 10% to 64%.
The three-star hotels saw a 2.61% year-on-year contraction in average revenue per available room to QR149 as the average room rate shrank 18.78% to QR173, even as the occupancy rose 14% to 86% in the review period.
The two-star and one-star hotels' average revenue per available room was down 0.69% year-on-year to QR143 this October as the average room rate tanked 11.11% to QR152, even as the occupancy grew 10% to 94% at the end of October this year.