Tag: ARR
Sri Lanka Tourism in crisis: Managing and seeking out opportunities
The Rapid Response Team by Safertourism reached out to Sri Lanka tourism authorities including the minister of tourism and industry leaders within hours of the devastating terror attack on the ... Read More
Middle East & North Africa hotels: Occupancy surges, profits drop
Occupancy levels at hotels in the Middle East & North Africa surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth ... Read More
UK hotels suffer their largest profit decline since late 2016
Hotels in the UK suffered their largest margin of year-on-year profit decline since late 2016, as ancillary revenues fell and costs soared in April, according to the latest data tracking ... Read More
Challenging start to 2019 for hotels in mainland Europe
Profit per room at hotels in mainland Europe fell by 9.1 percent year-over-year in January—the largest margin of decline in this measure since August 2016—as revenues dropped and costs escalated, ... Read More
UK hotel profits drop due to rising costs
Despite a 3.4-percent year-over-year increase in RevPAR in January, profit per room at UK hotels dropped by 2.6 percent due to rising costs, according to the latest full-service hotels tracking ... Read More
Indian Hotels Company continues to make waves in hospitality
The Indian Hotels Company Limited (IHCL), a South Asia hospitality company, reported its consolidated and standalone financials for the third quarter and 9 months of the year ending December 31, ... Read More