Hotels in Saudi Arabia and Qatar saw monthly increases to profit margins, according to data published by STR.
The global hotel industry analysts said hotels in the two countries, along with Jordan, improved gross operating profit per available room (GOPPAR) in May 2023.
At the same time hotels in Dubai saw a slight decline in GOPPAR.
Qatar and Saudi hotel profitability
According to STR data, Qatar reached a GOPPAR of $37.95. Although this was down 20.9 per cent year-on-year, it was a month-on-month jump of 39 per cent.
Saudi Arabia ($71.75) also saw a higher GOPPAR index over the previous month, at 102 per cent of the 2022 comparable.
Jordan’s GOPPAR level reached $66.77 in May, showing a significant month-on-month increase.
That level was 106 per cent of what was seen in May 2022, but was down from the 369 per cent index reported in April.
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