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.
According to preliminary October data from STR, Dubai hotel occupancy fell 4.3% to 75.2%, ADR dropped 6.1% to 685.41 Emirati dirhams ($186.63) and RevPAR declined 10.2% to 515.64 dirhams ($140.41).
According to preliminary September 2018 data from STR, Abu Dhabi's hotels reported occupancy dropped 7.4% to 67.4%, ADR dipped 1.9% to 339.02 Emirati dirhams ($92.31) and RevPAR fell 9.1% to 228.45 Emirati dirhams ($62.21).
Through the first 10 months of 2018, Israel posted an ADR of ILS806.28, which was a 7.8% increase when compared with the same 10 months in 2017. Additionally, that absolute ADR level was the highest for any October year-to-date time period in STRs Israel database.