Strong Growth in Hotel Profitability Across the Region
The global hotel industry is witnessing positive trends as Qatar, Saudi Arabia, and Jordan report higher profitability in May 2023. Despite challenges, the hospitality sector in these countries shows resilience and steady recovery.
GOPPAR Performance: A Closer Look
- Qatar – Reached a GOPPAR of $37.95, marking a 39% month-on-month increase, although it remained down 20.9% year-on-year.
- Saudi Arabia – Recorded a GOPPAR of $71.75, achieving 102% of the 2022 comparable index, reflecting strong performance.
- Jordan – Showed significant month-on-month growth, with a GOPPAR of $66.77, reaching 106% of May 2022 levels.
- Dubai experienced a slight decline in GOPPAR.
The Hospitality Industry’s Resilience
These trends highlight the strength and adaptability of the Middle East’s hotel sector, driven by rising travel demand and increasing hotel occupancy.
BM Events: Supporting Hospitality Growth
BM Events Casual on Demand Hospitality Staffing plays a key role in meeting the evolving needs of the hospitality industry. By providing flexible staffing solutions, BM Events ensures that hotels and resorts continue to deliver exceptional guest experiences amidst fluctuating demands.
With the hospitality sector on the rise, BM Events is ready to support industry leaders in achieving excellence.
