The data shows that the number and ratio of branded hotels is increasing in almost all of the markets we reported on, through a variety of different business models. The overall share of chain hotels versus independent is increasing, even in markets that can be considered very mature.
Hotels in the Middle East & North Africa recorded a 34.8-percent year-on-year decrease in profit per room in September, as revenue levels slid and costs escalated, according to the latest data tracking full-service hotels from HotStats.
Hotel performance in Europe remained hot in September, with key performance indicators showing continued resilience.
The Athenian hotel sector improved its RevPAR with 7.2% y-o-y during Q3 2018, but occupancy levels dropped 1.1% y-o-y