Latest NewsNovember 2018 11:30 AM

Lower Revenues, Higher Costs Lead to Profit Dips at Middle East & North Africa Hotels

Latest NewsOctober 2018 2:39 PM

Profit Levels Hit Highs in Europe in September

Latest NewsOctober 2018 9:39 AM

End of Summer Coincides With Profit Hit at UK Hotels

Latest NewsOctober 2018 2:48 PM

Stronger Business Travel Leads to Profit-Per-Room Bounce in September

Explore new opportunities for profit optimisation

HotStats brings quality, customized and unique information to improve hotels’ profitability with a total confidentiality commitment toward hoteliers and delivers to the industry unique market intelligence data.

img
MENA

Lower Revenues, Higher Costs Lead to Profit Dips at Middle East & North Africa Hotels

Hotels in the Middle East & North Africa recorded a 34.8-percent year-on-year decrease in profit per room in September, as revenue levels slid and costs escalated, according to the latest data tracking full-service hotels from HotStats. September signalled yet another month of year-on-year profit decline for hotels in the region as the growth recorded in August’s positive month of performance was wiped away. At $37.82 for the month, GOPPAR was only just above the annual low of $35.80 recorded in June. The drop in profit was led by declines across all revenue centres, including Rooms (down 15.4 percent), Food & Beverage (down 10.7 percent), Conference & Banqueting (down…

Recent Articles

European
Profit Levels Hit Highs in Europe in September Post Item

Profit Levels Hit Highs in Europe in September

Though summer has ended, hotel performance in Europe remained hot in September, with key performance…

259
2 weeks ago
UK Chain Hotels
End of Summer Coincides With Profit Hit at UK Hotels Post Item

End of Summer Coincides With Profit Hit at UK Hotels

Profit per room at hotels in the UK fell by 4 percent in September, as…

342
2 weeks ago
Americas
Stronger Business Travel Leads to Profit-Per-Room Bounce in September Post Item

Stronger Business Travel Leads to Profit-Per-Room Bounce in September

A bump in corporate travel at the end of the third quarter proved enough to…

75
3 weeks ago
MENA
August 2018: El al-Adha Festival Drives Profit Growth For Hotels In Middle East & Africa Post Item

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…

278
2 months ago