Image courtesy: STR
Dubai hotels surpass 2019 profit level in October: STR
LONDON, December 7, 2021
Estimated Dubai gross operating profit per available room (GOPPAR) for October 2021 came in at 159 per cent in comparison to that of 2019, according to STR's latest monthly P&L data release.
Helped by the opening of Expo 2020 and the ICC Men’s T20 World Cup 2021, Dubai’s GOPPAR reached $178, while total revenue per available room (TrevPAR) was $316.
Dubai’s top-line performance was also lifted during the month, as the market reported its highest monthly room rates since 2018.
The other two key markets in the Middle East and Africa region, Saudi Arabia and Qatar, did not reach 2019 GOPPAR levels, but still realised strong profits.
Saudi Arabia’s October GOPPAR ($42) came in at 80% of October 2019 levels, while Qatar ($49) was at 79% using the same time comparison.
STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry.-TradeArabia News Service
