WASHINGTON – Qatar saw a spike in hotel performance helped by the Formula 1 Qatar Airways Grand Prix 2024, according to November preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

November 2024 (year-over-year % change):

• Occupancy: 83.6% (+17.5%)
• Average daily rate (ADR): QAR488.31 (+20.9%)
• Revenue per available room (RevPAR): QAR408.24 (+42.0%)

Occupancy was the highest for any November since 2014.

Qatar posted its highest performance levels on the Friday of the race weekend (29 November): occupancy (95.2%), ADR (QAR682.31) and RevPAR (QAR649.47). The second highest ADR and RevPAR were posted the following night (Saturday, 30 November) at QAR664.48 and QAR623.85, respectively.

The market’s second highest occupancy level (95.0%) was seen on Tuesday, 12 November, the first night of the Hospitality Qatar exhibition. Qatar’s occupancy levels remained above 70% on all but one day during the month: Sunday, 3 November (69.8%).

The 2024 Qatar Grand Prix held 29 November – 1 December at the Lusail International Circuit in Lusail, north of Doha Qatar for the third time in the circuit’s history. The Grand Prix was the twenty-third and penultimate round of the 2024 Formula One World Championship and the third running of the Qatar Grand Prix. ^{It was also the sixth and final Grand Prix in the season to utilise the sprint format and the second time overall that the Qatar Grand Prix will feature it.}