Middle East

Fronts Eyebrow Descriptor
Profit

HotStats: January profit performance up in Middle East, APAC

Body
The rollout of vaccines is spurring travel demand but that doesn't mean that 2021 is going to automatically be better than 2020.

The Latest

  • Fronts Eyebrow Descriptor
    Performance
    Hotels in the Middle East stayed afloat in November, with the region recording its highest revpar and trevpar since the pandemic debilitated the region, at $55.11 and $97.49, respectively.
  • Fronts Eyebrow Descriptor
    Development
    The hotel construction pipeline in the Middle East declined by 7% to 579 projects at the end of the third quarter, according to Lodging Econometrics.
  • Fronts Eyebrow Descriptor
    Development
    The WB Abu Dhabi, the first Warner Bros-branded hotel, will be operated and managed by Hilton under its Curio Collection by Hilton brand.
  • Fronts Eyebrow Descriptor
    Global travel
    The latest data from the UNWTO showed a 70% fall in international arrivals for the first eight months of 2020.
  • Fronts Eyebrow Descriptor
    Development
    The hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms, according to Lodging Econometrics.
  • Fronts Eyebrow Descriptor
    Hotel Performance
    The first half of the year is over, and as the industry prepares for an H2 hampered by a deadly pandemic, different markets worldwide are struggling to balance safety with profitability as “anaemic” occupancy continues to choke off revenue, according to the latest report from HotStats.