Middle East & Africa Hotel and Hospitality Trends

For the second consecutive month, hotels in the Middle East & North Africa recorded a year-over-year rise in profit, a positive sign for a region where GOPPAR declines had previously abounded. GOPPAR in October increased 4% over the same month last year, according to data from HotStats. The increase comes on the heels of a strong September, which saw 10.9% YOY growth in the metric. continue reading →

Hotels in the Middle East saw occupancy increase 6.5% to 67.6% in October, and despite a 3.9% ADR decrease to $143.62, RevPAR rose 2.3% to $97.07. In Africa, hotel occupancy dipped 0.4% to 65.8%, ADR increased 1.8% to $109.61 and RevPAR rose 1.4% to $72.14. continue reading →

In October, the Middle East reported a 5.7% year-over-year decrease in the number of hotel rooms in construction. Africa reported a 4% decrease in rooms in construction. continue reading →

Hotels in Riyadh, Saudi Arabia, reported occupancy rose 17% to 76.2% in October, ADR increased 7.5% to 717.14 Saudi Arabian riyals ($191.24) and rose 25.8% to 546.12 riyals ($145.63). continue reading →

Report highlights significant retail opportunity for travel companies across the spectrum continue reading →

Middle East and North Africa hoteliers have cause for celebration in September. After 12 consecutive months of year-over-year profit decline, GOPPAR in the region was up 10.9% in the month, buoyed by a 4.9-percentage-point rise in occupancy and an uptick in food & beverage revenue, according to data from HotStats. continue reading →

Hotels in the Middle East reported a 2.4% occupancy increase to 62.2% during the third quarter as ADR decreased 6.7% to $131.49 and RevPAR dipped 4.5% to $81.80. Africa's hotel occupancy rose 1% to 64% during the quarter, ADR increased 3.5% to $105.43 and RevPAR rose 4.5% to $67.53. continue reading →

Hotels in Abu Dhabi, United Arab Emirates, reported occupancy rose 8.3% to 72.9%, ADR increased 1.2% to 341.72 Emirati dirhams ($93.05) and RevPAR rose 9.6% to 249.03 dirhams ($67.81). continue reading →

Private investors from the Middle East are targeting real estate in Europe and North America. continue reading →

August marked the 12th consecutive month of profit decline at hotels in the Middle East & North Africa, as profit per room fell by 7.0% year-over-year to $58.06. This is in stark contrast to the last time the region saw positive profit growth, when in August 2018 GOPPAR was up 24.8% over the same time the prior year. continue reading →