Latest NewsMay 2018 9:30 AM

March 2018: Cost Cutting Drives Profit Growth at Hotels in the Middle East & Africa

Latest NewsMay 2018 10:20 AM

March 2018: Profit Grows at Hotels in Europe

Latest NewsMay 2018 10:00 AM

March 2018: Profit Wash Out at UK Hotels

Latest NewsApril 2018 2:00 PM

March 2018: Rate Peak Drives Profit Growth for Hotels in the USA

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MENA

March 2018: Cost Cutting Drives Profit Growth at Hotels in the Middle East & Africa

Hotels in the Middle East & Africa successfully cut costs to fuel a 4.6% year-on-year increase in profit per room this month, which was in spite of a mixed revenue performance, according to the latest worldwide poll of full-service hotels from HotStats. Profit per room at hotels in the Middle East & Africa climbed to $96.95 this month, which was primarily thanks to cost savings, which included a 0.3-percentage point reduction in Payroll levels, to 24.2% of total revenue, as well as a 0.5-percentage point drop in Overheads, to 22.9% of total revenue. Top-line performance at hotels in the Middle East & Africa was positive, recording a 3.3%…

Recent Articles

European
March 2018: Profit Grows at Hotels in Europe Post Item

March 2018: Profit Grows at Hotels in Europe

Hotels in Europe recorded a 0.7% year-on-year increase in profit per room in March, which…

277
4 weeks ago
UK Chain Hotels
March 2018: Profit Wash Out at UK Hotels Post Item

March 2018: Profit Wash Out at UK Hotels

Year-on-year profit per room dropped by 5.6% this month as the wettest March in a…

655
4 weeks ago
Americas
March 2018: Rate Peak Drives Profit Growth for Hotels in the USA Post Item

March 2018: Rate Peak Drives Profit Growth for Hotels in the USA

Achieved average room rate at hotels in the USA hit a high of more than…

64
4 weeks ago
Americas
Profit Matters: U.S. Annual Hotel Performance Tracker 2018 Post Item

Profit Matters: U.S. Annual Hotel Performance Tracker 2018

The profitability of hotels in the U.S. increased in 2017 in line with the growth…

45
1 month ago