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May 2018: Profit Falls Further as Revenue Slides at Hotels in the Middle East & Africa

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May 2018: Purple Patch of Profit Growth Ends for Hotels in Europe

Latest NewsJune 2018 9:40 AM

May 2018: Profit Hit Hard at UK Hotels as Revenue Falls Across All Departments

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May 2018: GOPPAR Growth Continues Unabated at Hotels in the USA

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MENA

May 2018: Profit Falls Further as Revenue Slides at Hotels in the Middle East & Africa

Profit per room at hotels in the Middle East & Africa continued its downward spiral in May as year-on-year GOPPAR levels plummeted by -21.5% as revenue fell across all departments and costs continued to escalate, according to the latest worldwide poll of full-service hotels from HotStats. In contrast to previous months when hoteliers in the Middle East & Africa have struggled to maintain rate, this month it was room occupancy which fell away, decreasing by 5.5-percentage points year-on-year, to 59.1%. The considerable year-on-year decrease in volume in May contributed to the plummeting revenue performance across all departments at hotels in the region. This not only included a -9.1%…

Recent Articles

European
May 2018: Purple Patch of Profit Growth Ends for Hotels in Europe Post Item

May 2018: Purple Patch of Profit Growth Ends for Hotels in Europe

Following twelve consecutive months of year-on-year profit growth, hotels in Europe recorded a -3.6% drop…

305
3 weeks ago
UK Chain Hotels
May 2018: Profit Hit Hard at UK Hotels as Revenue Falls Across All Departments Post Item

May 2018: Profit Hit Hard at UK Hotels as Revenue Falls Across All Departments

Profit per room at hotels in the UK fell by 4.3% in May as year-on-year…

572
4 weeks ago
Americas
May 2018: GOPPAR Growth Continues Unabated at Hotels in the USA Post Item

May 2018: GOPPAR Growth Continues Unabated at Hotels in the USA

Hotels in the USA recorded a fourth consecutive month of year-on-year profit growth in May…

75
4 weeks ago
MENA
April 2018: Plummeting Rate Hits Profit Levels at Hotels in the Middle East & Africa Post Item

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…

441
2 months ago