Case Surge Could Derail Middle East Momentum

HotStats | June 26, 2020

Like the rest of the world, the Middle East’s hotel industry fell off the cliff in March and sunk deeper in April. But if May is any indication, its fortunes may slowly be turning, albeit still well off pre-COVID levels. Momentum, however, could be blunted over the resurfacing of more cases across the region and some governments unwillingness to shut their economies back down. May saw month-over-month (MOM) jumps in the region in both total revenue and profitability. RevPAR in the region dropped off precipitously after February, and in May it hit $23.03, which, though 78.4% down from the same time a year ago, was up 5.9% over April, s...