Hospitality InteriorsHospitality Interiors
  • News
  • Articles
    • Interviews
    • Products
    • Profiles
    • Projects
    • Resources
    • Trends
  • Magazines
    • Issue 109 – Sept/Oct 2023
    • Lighting Supplement 2023
    • Issue 108 – July/August 2023
    • Issue 107 – June 2023
    • Bathrooms Supplement 2023
    • Issue 106 – Mar 2023
    • Issue 105 – Feb 2023
    • All Recent Issues
    • Archive Issues
  • Events
  • Email Newsletters
  • About Us
    • Advertise
    • Contact Us
LinkedIn Twitter Instagram
Hospitality InteriorsHospitality Interiors
Subscribe
  • News
  • Articles
    • Interviews
    • Products
    • Profiles
    • Projects
    • Resources
    • Trends
  • Magazines
    1. Issue 109 – Sept/Oct 2023
    2. Lighting Supplement 2023
    3. Issue 108 – July/August 2023
    4. Issue 107 – June 2023
    5. Bathrooms Supplement 2023
    6. Issue 106 – Mar 2023
    7. Issue 105 – Feb 2023
    8. All Recent Issues
    9. Archive Issues
    Featured

    Hospitality Interiors: Issue 109 – September/October 2023

    22 September 2023
    Recent

    Hospitality Interiors: Issue 109 – September/October 2023

    22 September 2023

    Hospitality Interiors: Lighting Supplement 2023

    22 September 2023

    Hospitality Interiors: Issue 108 – July/August 2023

    25 July 2023
  • Events
  • Email Newsletters
  • About Us
    • Advertise
    • Contact Us
LinkedIn Twitter Instagram
Hospitality InteriorsHospitality Interiors
News

Performance levels decline for Dubai and Sharm El Sheikh hotels

Katie SherryBy Katie Sherry15 January 20162 Mins Read
Share
Facebook Twitter LinkedIn

According to a recent report from HotStats, five and four-star hotels in Dubai continued to experience weakening average room rates (ARR) in November, falling 6.9% to US$315.03, whilst occupency levels remained strong, albeit marginally lower than the same period last year at 84.9%.

The 8.1% decrease in RevPAR was compounded by significantly lower food and beverage revenues which fell 12.0%, driving total revenue per available room (TRevPAR) 10.9% lower, to US$449.80. Higher operating expenses compounded lower overall revenues, reducing gross operating profit per available room (GOPPAR) by 15.8% to US$214.83.

Occupancy levels plunged in Sharm El Sheikh in November following the crash of a Russian civilian airplane in early November. A subsequent ban on travel and cancellation of flights to the region from Russia and various European countries severely impacted performance in the Rea Sea destination.

Occupancy levels fell 25.9 percentage points to 36.2%, resulting in a 42.0% drop in RevPAR to US$17.94. Fixed payroll expenses compounded the fall in top line revenues, pushing profit margins to their breaking point with GOPPAR dropping to US$1.24.

The continued low oil prices are starting to have an impact on Doha’s hotel market as demand levels fell in November with occupancy levels dropping 5.5 percentage points to 75.1%. The fall in demand impacted all remaining performance indicators with ARR and RevPAR dropping 12.8% and 18.8% respectively.

Higher F&B demand offset the softer room revenue; however it was not sufficient enough to prevent GOPPAR reducing 24.4% to US$142.99.

Jeddah hotels witnessed softening demand levels in November with four and five star hotels recording a 3.8 percentage point reduction in occupancy to 70.7%.

Hoteliers were unable to offset the falling demand as ARR fell by 3.8% to US$245.05. The decrease in occupancy levels had a negative effect on the remaining performance indicators with RevPAR and TRevPAR falling 8.8% and 3.8% respectively. Higher operations expenses compounded lower revenues with GOPPAR dropping 21.2% to US$108.23.

Although Beirut hotels witnessed a 3.7 percentage point reduction in occupancy levels to 58.2% in November, hoteliers were able to yield significantly higher ARR which rose 15.8% to US$142.29.

The growth in ARR had a positive impact on all performance indicators with RevPAR and TRevPAR increasing 8.9% and 15.2% respectively. However higher operational expenses limited the growth in profits with GOPPAR increasing 3.3% to US$23.20.

Previous ArticleThe eco-friendly bathroom range
Next Article LED Filament Lamps from Bright Goods
Katie Sherry

Read Similar Stories

Hotel Plaza, Barcelona

29 September 2023

Octant Ponta Degada unveils refurbishment by Nini Andrade Silva

28 September 2023

Andaz Nanjing Hexi – The House of Andaz

28 September 2023
Latest Content

Hotel Plaza, Barcelona

29 September 2023

Octant Ponta Degada unveils refurbishment by Nini Andrade Silva

28 September 2023

Andaz Nanjing Hexi – The House of Andaz

28 September 2023
© 2023 Lewis Business Media. All Rights Reserved.
Lewis Business Media, Suite A, Arun House, Office Village, River Way, Uckfield, TN22 1SL

Privacy Policy | Cookie Policy | Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “ACCEPT ALL”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsREJECT ALLAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-advertisement1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category .
cookielawinfo-checkbox-analytics1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Analytics" category .
cookielawinfo-checkbox-functional1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Necessary" category .
cookielawinfo-checkbox-others1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Others".
cookielawinfo-checkbox-performance1 yearSet by the GDPR Cookie Consent plugin, this cookie is used to store the user consent for cookies in the category "Performance".
PHPSESSIDsessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThe _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.
_gat_gtag_UA_31822138_191 minuteSet by Google to distinguish users.
_gid1 dayInstalled by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
OAID1 yearThis cookie is set when an AdsWizz website visitor have opted out the collection of information by AdsWizz service or opted to disable the targeted ads by AdsWizz.
SAVE & ACCEPT
Powered by CookieYes Logo