Arabian Business, Sunday, Nov 3, 2019 | Rabi Al Awwal 6, 1441
Manama hotels post best Q3 occupany rates for nine years
Bahrain:
Bahrain hotels have reported their highest third quarter occupancy levels for
nine years, according to new figures from analysts STR.
STR said occupancy in Manama, the capital city, rose by 3.5 percent to 55.5
percent in Q3, its highest level since Q3 2010.
However, average daily rates, which stood at BD58.59 in Q3, were the second
lowest for the third quarter since 2008, suggesting hoteliers were slashing
rates to improve occupancy in the period.
STR analysts noted that August was the strongest month of the quarter when
looking at absolute values - occupancy (59.3 percent), ADR at BD61.33 and
revenue per available room (RevPAR) at BD36.38. RevPAR for the quarter stood at
BD32.51.