June 2018: RevPAR Up But Profit Down at Hotels in the Middle East & Africa

Falling Non-Rooms Revenues, as well as rising costs, contributed to the -2.3% decline in GOPPAR at hotels in the Middle East & Africa in June, which was also in spite of a +1.4% year-on-year increase in RevPAR, according to the latest worldwide poll of full-service hotels from HotStats. Hotels in the Middle East & Africa continued to suffer from the challenges borne out of the decline in the oil and gas industry this month, as profit levels dropped to their lowest level in 2018, at just $44.89, which was more than $40 below the year-to-date GOPPAR level of $76.41. And whilst hotels in the region worked hard to…