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.
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, 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.
STR's preliminary June 2019 data for Abu Dhabi, United Emirates, indicates high performance due to double-digit demand growth.Based on daily data from June, Abu Dhabi reported the following in year-o.
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.
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.
STR's preliminary May 2019 data for Jeddah, Saudi Arabia, indicates low performance consistent with the time of Ramadan.
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.
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.
STR's April 2019 pipeline data showed 424 hotel projects accounting for 125,052 rooms in construction in the Middle East and 141 projects and 25,056 rooms in construction in Africa. The Middle East total represented a 9.