According to one of Hotstats‘ latest reports, the almost double-digit uptick in average room rates, year-over-year profit per room at Middle Eastern and North African hotels dropped in May by GOPPAR 2.4% even though average room rates rose 9.7% to $183.70, a high for the year. The rise in ARR...

  Occupancy levels at hotels in MENA surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth consecutive month, according to the latest data tracking full-service hotels from HotStats. Profit per room fell by 2.9 percent in the month to $92.95....

It’s been tough sledding for hotels in the Middle East & North Africa. February marked the sixth consecutive month of year-over-year profit decline, in spite of a slight rise in RevPAR, according to the latest data tracking full-service hotels from HotStats. GOPPAR (Total Gross Operating Profit) for the month declined...