Five questions with Michael Grove, COO of HotStats
Ahead of AHIC, HN spoke with Michael Grove, COO of HotStats, to highlight the important role data will play in the world of travel.
HotStats and HAMA MEA in a strategic collaboration partnership
The relationship will allow HotStats to leverage the expertise of HAMA MEA for various objectives, including content pieces, and yearly performance reviews.
Alternative use of hotels: How to do it?
Many hoteliers are attempting to repurpose their properties to sustain and adapt to the new norms. But how to do it right? HotStats explains.
4 tips for hotels to succeed in a post COVID-19 world
With less revenue, hoteliers need to make up ground elsewhere. The best way to boost profit is to lower operating costs and increase productivity.
HotStats MENA Annual Hotel Performance Tracker 2020: Drops in revenues and profits
The region’s prospects for a bounce-back performance in 2020 were all but dashed by the advent and spread of the coronavirus, which is laying waste on the global hospitality industry.
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.
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.
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.
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...
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