Email the editor

Qatar hotel prices fall for 24th consecutive month

Hotstats reveals prices down 12 per cent year on year for month of August, as city suffers from oil glut

Pictured: hoteliers in Qatar were warned of a 'challenging' 2016 thanks to falling oil prices

Hotel rates in Doha plummeted 12 per cent year on year in August, capping off two years of decline as the Qatari capital continues to feel the impact of weak oil prices.

Average room rates fell from US$190 (£156) to $167 (£137) reveals the latest data from Hotstats, while the destination also witnessed a fall in residential conference (-15 per cent) and corporate (-11 per cent) bookings. It was a similar story in the calendar year to August 2016, with rates falling 12 per cent, from $213 (£175) to $187 (£154).

Hotstats authors had previously warned Qatar hoteliers would face a "challenging" 2016 after talks collapsed over plans to freeze oil production to stabilise pricing.

The Middle Eastern and North Africa report also reveals similar drops in room rates for Beirut and Abu Dhabi.

Hotstats authors pointed out that revenues and profits for Beirut hoteliers had continued on a "downward trajectory", with conference bookings down 15 per cent, following a period of political instability.

"In 2016, the city has suffered from a drop in visitor numbers, particularly from the Gulf, as well as diminishing political stability and the impact of the Syrian War. Following the terrorist attacks in the city in June, the first major incident of its kind in 2016, RevPAR at the city’s hotels plummeted by 42.0 per cent year-on-year, contributing to a 96.4 per cent drop in profit per room for the month."

Beirut hotel prices for August were revealed to have fallen 12.7 per cent year on year, dropping from $165 (£136) to $144 (£118). In Abu Dhabi prices fell $116 (£95) to $109 (£90) in the same period (-6 per cent) and Doha rates witnessed a 12 per cent drop, going from $190 (£156) to $167 (£137).

Facebook Share Twitter Share LinkeIn Share