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FinancialNews


  • 11-11-19

    Budget hotels witness highest revenue growth by 26 percent in Sept.

    (MENAFN) Constant efforts in boosting Qatar's hospitality sector showing positive results. The average profits of hotels, across all categories, observed a moderate growth in September 2019 (year-to-date, YTD), with the budget hotels (2&1Star) recording more than 26 percent increase in their revenues"the highest among all categories of hotels" compared to the corresponding period last year.Latest official data show, supported by significant increase in the number of tourists, which resulted in the increase in hotel occupancy rates, the revenue per available room of hotels advanced in September 2019 compared to a year ago.According to online data available at the Planning and Statistics Authority's website, the average revenue of hotels measured by per available room increased to USD65.38 in September 2019 (YTD), increased by nearly 4.4 percent, or USD2.75 per available room, compared to USD62.63 a year ago (September 2018).

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