Latest NewsJune 2018 9:30 AM

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

Latest NewsJune 2018 9:30 AM

April 2018: Profit Growth Accelerates at Hotels in Europe

Latest NewsMay 2018 9:30 AM

April 2018: Heat Wave Fails to Warm Profit Levels at UK Hotels

Latest NewsMay 2018 3:00 PM

April 2018: TrevPAR Hits a High at Hotels in the USA

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MENA

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,…

Recent Articles

European
April 2018: Profit Growth Accelerates at Hotels in Europe Post Item

April 2018: Profit Growth Accelerates at Hotels in Europe

Following a period of lacklustre growth in Q1 2018, hotels in Europe recorded an impressive…

306
3 weeks ago
UK Chain Hotels
April 2018: Heat Wave Fails to Warm Profit Levels at UK Hotels Post Item

April 2018: Heat Wave Fails to Warm Profit Levels at UK Hotels

Profit growth at hotels in the UK failed to match the soaring temperatures in April…

465
3 weeks ago
Americas
April 2018: TrevPAR Hits a High at Hotels in the USA Post Item

April 2018: TrevPAR Hits a High at Hotels in the USA

Total Revenue levels at hotels in the USA hit a high of almost $290 per…

64
4 weeks ago
MENA
March 2018: Cost Cutting Drives Profit Growth at Hotels in the Middle East & Africa Post Item

March 2018: Cost Cutting Drives Profit Growth at Hotels in the Middle East & Africa

Hotels in the Middle East & Africa successfully cut costs to fuel a 4.6% year-on-year…

363
2 months ago