LONDON — 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."

The report tracked data for total MENA and individually highlighted performance for Dubai, Abu Dhabi, Doha, Cairo and Makkah. The report includes data on revenue and expense pertaining to the Rooms, Food & Beverage and Undistributed departments.

According to the published report, MENA hotels as a whole had a challenging 2018. Across the region, year-over-year GOPPAR decreased by 6.1%, negatively impacted by a 1.9% YOY decline in RevPAR and 2.5% fall in TRevPAR.

"While expenses were up moderately, the difficulty across MENA was in growing the top line, impeding operators' ability to flex cost," said Pablo Alonso, CEO of HotStats. "It's clear that the region's problems stemmed from growing revenue and not cost control."

Those wishing to download a free copy of the "Profit Matters: MENA Annual Report Performance Tracker," can click here. You can also access the report at www.hotstats.com under the Resource Center.

About HotStats

HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 different brands and independent hotels. HotStats provides more than 550 different KPIs covering all operating revenues, payroll, expenses, cost of sales and departmental and total hotel profitability.

David Eisen
Director of Hotel Intelligence and Customer Solutions for HotStats
HotStats Limited

View source