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.
Middle East hotels saw occupancy decrease 0.9% to 68.2% in January as ADR dropped 8.9% to $154.18 and RevPAR declined 9.6% to $105.16. But hotels in Africa reported occupancy rose 0.3% to 53.4%, ADR climbed 2.1% to $120.06 and RevPAR rose 2.4% to $64.06 for the month.
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.
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).