Latest NewsFebruary 2019 10:25 AM

Double-Digit Profit Dip in December Punctuates Down Year for Middle East & North Africa Hotels

Latest NewsFebruary 2019 11:06 AM

December Decline Fails to Erase Annual Profit Gains in Europe

Latest NewsJanuary 2019 12:13 PM

Final Flourish Secures Annual Profit Growth for UK Hotels

Latest NewsJanuary 2019 4:08 PM

U.S. Hotels Secure a Third Consecutive Year of Profit Growth

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MENA

Double-Digit Profit Dip in December Punctuates Down Year for Middle East & North Africa Hotels

Profit per room at hotels in the Middle East & North Africa fell by 10.6 percent year-over-year in December and contributed to a 6.0-percent decline for full-year 2018, as revenues declined and costs spiraled, according to the latest data tracking full-service hotels from HotStats. Positive profit growth was only achieved in four months of the year, and, further, there have only been six months of profit growth in the last two years. The fourth quarter was particularly challenging, with three consecutive months of large profit decline—in October (down 8.1 percent), November (down 8.8 percent) and now December. Revenues declined across all departments, including Rooms (down 1.5 percent), Food…

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European
December Decline Fails to Erase Annual Profit Gains in Europe Post Item

December Decline Fails to Erase Annual Profit Gains in Europe

Hotels in Europe suffered a 2.7-percent year-on-year decline in profit per room in December, yet…

238
3 weeks ago
UK Chain Hotels
Final Flourish Secures Annual Profit Growth for UK Hotels Post Item

Final Flourish Secures Annual Profit Growth for UK Hotels

A strong finish to 2018 secured a second consecutive year of GOPPAR growth for UK’s…

342
3 weeks ago
Americas
U.S. Hotels Secure a Third Consecutive Year of Profit Growth Post Item

U.S. Hotels Secure a Third Consecutive Year of Profit Growth

Good news: U.S. hotels continue to make money. Year-over-year GOPPAR growth of 1.5 percent in…

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4 weeks ago
Press Release
HotStats to Sponsor 2019 HAMA Europe Asset Management Achievement Award at IHIF Post Item

HotStats to Sponsor 2019 HAMA Europe Asset Management Achievement Award at IHIF

LONDON, 16 January, 2019 — HotStats, the global leader in monthly profitability data benchmarking for…

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1 month ago