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August 2018: El al-Adha Festival Drives Profit Growth For Hotels In Middle East & Africa

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August 2018: Another Month of Double-Digit Growth Sends Profits Surging at Europe Hotels

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August 2018: Summer Sunshine Warms Profits at UK Hotels

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August 2018: TRevPAR Falls to Annual Low as U.S. Hotels Fail to Capture Non-Rooms Revenue

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MENA

August 2018: El al-Adha Festival Drives Profit Growth For Hotels In Middle East & Africa

Profit per room at hotels in the Middle East & Africa increased by 25.6 percent year-on-year in August, with multiple markets across the region benefitting from celebrations to mark the Eid al-Adha Holy festival, according to the latest data tracking full-service hotels from HotStats. This was only the third month of profit growth at hotels in the Middle East & Africa this year, but it was the largest year-on-year margin of increase for at least a year, with GOPPAR hitting $60.08 for the month—almost $25 above last month’s historic low at $35.81. “Eid al-Adha is one of the most important festivals in the Islamic calendar and one of…

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August 2018: Another Month of Double-Digit Growth Sends Profits Surging at Europe Hotels Post Item

August 2018: Another Month of Double-Digit Growth Sends Profits Surging at Europe Hotels

August represented a third consecutive month of significant profit growth for hotels in Europe as…

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UK Chain Hotels
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July 2018: Robust Rate Growth Drives Punchy Profit Increase for Hotels in Europe Post Item

July 2018: Robust Rate Growth Drives Punchy Profit Increase for Hotels in Europe

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