despite an almost double-digit uptick in the average room rate, year-over-year profit per room at hotels in the Middle East & North Africa dropped in May
Summer slump in the Middle East & Africa hotel sector
GOPPAR at hotels in the Middle East & Africa dropped to a new low of $34.70 in July as temperatures in the region soared and demand levels lagged, according to the latest worldwide poll of full-service hotels from HotStats. @hotstats
Best Available Rate replacing commercial demand at UK hotels
The study, Benchmarking Beyond RevPAR, revealed that the 235% growth in BAR bookings was at the expense of a 17.2% reduction in rooms revenue derived from commercial-related sources during the same 15-year period.
