April 2018: Plummeting Rate Hits Profit Levels at Hotels in the Middle East & Africa

Profit per room at hotels in the Middle East & Africa fell by 12.1% year-on-year in April as revenue levels crashed on the back of plummeting achieved average room rate, according to the latest worldwide poll of full-service hotels from HotStats. Further to a seemingly positive period of operation in Q1 2018, in which hotels in the Middle East & Africa recorded a 0.9% year-on-year increase in profit per room, properties in the region have been hit hard this month by a 12.1% decline in GOPPAR, which fell to $93.21. The drop in profit per room was led by falling TrevPAR levels, which fell by -7.4%, to $224.61,…