HotStats Releases MENA Annual Hotel Performance Tracker 2019
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."
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."
HotStats provides a unique profit-and-loss benchmarking service to hoteliers from across the globe that enables monthly comparison of hotels' performance against competitors. It is distinguished by the fact that it maintains in excess of 500 key performance metrics covering 70 areas of hotel revenue, cost, profit and statistics, providing far deeper insight into the hotel operation than any other tool. The HotStats database totals millions of hotel rooms worldwide. For more information, visit www.hotstats.com.