Although hotels in Sharm El Sheikh achieved a 57 percent year-on-year boost in total revenue in February, profit per room remained in negative territory, with a loss of USD1.33.

Hotstats has released its latest report, MENA Chain Hotels Market Review February 2017, revealing mixed results across the region, with effective cost cutting in Abu Dhabi, falling revenue in Doha and signs of recovery in Sharm El Sheikh.

Following on the 24 percent plummet in profit per room in 2016, hotels in Riyadh also suffered a 16.2 percent year-on-year drop in profit during January.

According to new figures released by Sharjah Commerce and Tourism Development Authority (SCTDA), more than 86,000 Chinese visitors stayed in Sharjah hotels last year, compared with 53,000 during 2015, making China the emirate’s sixth largest inbound tourism market. 

In 2016, profit per room at Kuwait properties fell 18.7 percent when compared to 2016.

As a city heavily reliant on corporate travellers, Riyadh properties suffered due to the drop in oil prices coupled with significant supply growth, up 8.9 percent in the first 10 months of the year.