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.
Positive news emerges from the hotel industry as Qatar, Saudi Arabia, and Jordan witness improved profitability in May 2023. Qatar experienced a 39% month-on-month increase, while Saudi Arabia achieved a 102% index compared to 2022. Jordan also saw significant growth. These trends reflect the resilience of the hospitality sector. In line with these developments, agencies like BM Events Casual on Demand Hospitality Staffing play a crucial role in meeting the industry’s evolving needs by providing flexible staffing solutions.
