MENA GOPPAR Jumps in September

MENA GOPPAR Jumps in September

After 12 consecutive months of year-over-year profit decline, GOPPAR in the region was up 10.9% in the month, buoyed by a 4.9 percentage-point rise in occupancy and an uptick in food & beverage revenue, according to data from HotStats.

Read more
MENA Hotels Profit-Losing Streak Continues 

MENA Hotels Profit-Losing Streak Continues 

August marked the 12th consecutive month of profit decline at hotels in the Middle East and North Africa, as profit per room fell by 7.0% year-over-year to $58.06.

Read more
MENA: Lower revenues, higher costs sink profits

MENA: Lower revenues, higher costs sink profits

2018 was a bruising year for hotels in the Middle East & North Africa, as an intersection of oversupply, political fallout and macro-economic worry challenged profitability.

Read more
MENA hotel rate jump insufficient

MENA hotel rate jump insufficient

According to one of Hotstats‘ latest reports, the almost double-digit uptick in average room rates, year-over-year profit per room at Middle Eastern and North African hotels dropped in May by GOPPAR 2.4% even though average room rates rose 9.7% to $183.70, a high for the year. The rise in ARR...

Read more
Hotels’ April Occupancy Surges

Hotels’ April Occupancy Surges

Occupancy levels at hotels in MENA surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth consecutive month, according to the latest data tracking full-service hotels from HotStats. Profit per room fell by 2.9 percent in the month to $92.95. Despite...

Read more
HotStats’ latest Middle East and Africa hotel insights report

HotStats’ latest Middle East and Africa hotel insights report

It’s been tough sledding for hotels in the Middle East & North Africa. February marked the sixth consecutive month of year-over-year profit decline, in spite of a slight rise in RevPAR, according to the latest data tracking full-service hotels from HotStats. GOPPAR (Total Gross Operating Profit) for the month declined...

Read more