Middle East Stays the Course
The Middle East stayed on a positive performance path with GOPPAR levels in April 357% higher than at the same time a year ago.
Total revenue was at its highest peak since February 2020, boosted in part by ancillary revenue, such as F&B RevPAR, which hit $37.75 in the month, a 375% improvement on April 2020.
Meanwhile, labor costs are creeping back with total labor PAR hitting $38.59 in the month, a 36.3% YOY increase. Still, labor costs remain some $20 down versus pre-pandemic historical levels.
Summer months are some of the region’s slower months from a demand perspective and could damper the region’s overall recovery.
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