GOPPAR Falls in MENA Despite RevPAR Growth
Rising costs are eating into revenue gains at hotels in the Middle East and North Africa, according to data tracking the region from HotStats.
Performance - africa
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STR: Middle East and Africa hotel performance for July 2019
Hotels in the Middle East reported mixed July 2019 performance results, while hotels in Africa posted increases across the three key performance metrics, according to data from STR.U.S. dollar constant currency, July 2019 vs.
Addis Ababa Leads Africa In Hotel Room Rates
Addis Ababa, Ethiopia, posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from STR (https://STR.com/). The market will play host to the Africa Hotel Investment Forum (AHIF) (https://www.
HotStats MENA Chain Hotels Market Review for June 2019
Hotels in the Middle East & North Africa recorded a 6.4% year-on-year decline in profit per room in June, as the month of Ramadan mostly fell in May, and hotels in the region missed their usual demand bump, according to the latest data tracking hotels from HotStats.
STR: Middle East and Africa hotel performance for Q2 2019
Hotels in the Middle East reported mixed second-quarter 2019 performance results, while hotels in Africa posted increases across the three key performance metrics, according to data from STR.U.S. dollar constant currency, Q2 2019 vs.
HotStats Releases MENA Annual Hotel Performance Tracker 2019
HotStats, the global leader in monthly profitability data benchmarking for the hotel industry, has released findings of Middle East & North Africa hotel performance for 2018, in its "Profit Matters: MENA Annual Hotel Performance Tracker 2019.
HotStats MENA Chain Hotels Market Review for May 2019
Despite an almost double-digit uptick in average room rate, year-over-year profit per room at hotels in the Middle East & North Africa dropped in May. GOPPAR fell 2.4% YOY even though average room rate rose 9.
STR: Middle East/Africa Hotel Performance For May 2019
The Middle/East hotel industry reported an 8.6% occupancy decline to 52% in May, and despite an 8.9% ADR increase to $164.87, RevPAR dipped 0.4% to $85.75. African hotel occupancy decreased 5.6% to 51.
April Occupancy Surge Can’t Stop MENA GOPPAR Drop
Occupancy levels at hotels in the Middle East & North Africa 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.
STR: April 2019 Middle East/Africa Hotel Performance
Hotels in the Middle East reported mixed April 2019 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR.
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