Five-star hotels helps Qatar hospitality sector improve rooms’ yield in February: PSA

A double-digit jump in rooms' yield of five star hotels led Qatar's hospitality sector report a robust expansion in average revenue available per room in February 2023, according to the data from the Planning and Statistics Authority (PSA).The overall performance comes amidst strong visitor arrivals, especially from the Gulf Co-operation Council (GCC) and other Arab countries, said the PSA data.The country's hospitality sector saw a 6.01% year-on-year increase in average revenue per available room to QR247 in February 2023 as the average room rate jumped 3.1% to QR433 and occupancy by 1% to 57% in the review period.This positive trend in the hospitality sector’s room yield comes amidst a 406.3% surge in visitor arrivals to 389,222 in February 2023 with the majority coming from the GCC and Europe. On a monthly basis, the total visitor arrivals were up 14.3% in the review period.The visitor arrivals from the GCC were 146,235 or 38% of the total; followed by Europe 120,903 or 31%; other Asia (including Oceania) 71,448 or 18%; Americas 22,966 or 6%; other Arab countries 23,112 or 6% and other African countries 4,558 or 1%.The visitor arrivals from the GCC countries increased 685.8% and 3% on yearly and monthly basis respectively in February.In the case of visitors from Europe, it soared 503.5% on an annualised basis this February but shrank 20.4% month-on-month.In February 2023, the visitors from Americas were seen increasing 412.5% year-on-year but fell 6.4% on a monthly basis.The visitor arrivals from other Arab countries reported a 315% and 144.7% increase year-on-year and month-on-month respectively in February 2023.The visitors from other Asian countries (including Oceania) rose 168.7% on an annualised basis but plunged 23.3% on a monthly basis this February.In the case of other African countries, the visitor arrivals witnessed 185.4% jump year-on-year but fell 24.2% month-on-month.The five-star hotels saw the average revenue per available room increase 20.36% on annualised basis to QR337 in February 2023 as the average room rate grew 4.04% to Q592 and the occupancy by 8% to 57%.The average revenue per available room in the four-star hotels shrank 17.96% on a yearly basis to QR137 in February 2023 as the average room rate was down 0.39% to QR254 and the occupancy by 12% to 54%.The three-star hotels saw a 29.44% year-on-year contraction in average revenue per available room to QR139 as average room rate shrank 6.8% to QR192 and the occupancy by 24% to 72% in the review period.The two-star and one-star hotels' average revenue per available room declined 23.53% year-on-year to QR143 in February 2023 as the average room rate dipped 14.06% to QR165 and the occupancy by 10% to 87%.The deluxe hotel apartments saw a 4.1% year-on-year jump in average revenue available per room to QR203 in February 2023 as the average room rate in the category was seen gaining 2.7% on an annualised basis to QR380. However, the occupancy was flat at 53% in the review period.In the case of standard hotel apartments, the room yield plummeted 31.44% year-on-year to QR133 in January 2023 even as the average room rate rose 2.98% to QR242 amidst a 28% plunge in occupancy to 55%.