The Middle East’s Ghastly Hotel Numbers in April Could Be the Bottom

HotStats | June 3, 2020

Middle East profit per available room turned negative in April, as the region continued to be battered by COVID-19. And while hotel performance data will continue to be anemic for the near-term, May could see the first buds of promise emerge, according to one industry leader in the region. Mark Willis, CEO of Middle East & Africa at Accor, in a recent interview with Bloomberg, noted an uptick demand in May, including specific signs of positivity in the UAE and Saudi Arabia and a “positive vibe in Dubai.” April, meanwhile, reached new lows for the region. Ramadan (April 23-May 23) did little to improve hotel performance, as even ...