Hotel Job Resource - TRI Hospitality Consulting News

Hotels in Jeddah saw a 30% surge in profits during the month, according to the latest HotStats survey of fullservice hotels in six MENA cities by TRI Hospitality Consulting. March was a busy month in Jeddah as the city hosted a number of major events including The Big 5, Jeddah Economic Forum and the 10th International Real Estate, Financing and Housing Exhibition.

The first three months of 2012 make for gloomy reading for Provincial hoteliers as profit per room suffered a year-onyear decline of seven per cent in Q1, according to the latest HotStats survey of approximately 560 full-service hotels across the UK by TRI Hospitality Consulting.

Whilst six of the European cities polled this month successfully achieved an increase in TrevPAR, only three were able to convert this growth in total revenue into growth in profit per room during March, according to the latest HotStats survey by TRI Hospitality Consulting.

Hotels in Egypt have started a recovery but they remain a long way from their previous highs prior to the Arab Spring, according to the latest HotStats survey of full-service hotels in six MENA cities by TRI Hospitality Consulting.

HotStats 2012 publication containing results of the UK hotel industry's profit and loss performance with individual commentary on 15 key European and Middle Eastern hotel markets plus sections on London, England, Scotland and Wales. The document details results for the full year in 2011 and gives a comparison with 2010 performance.

Following the 12.4% increase in profit per room in 2011, Amsterdam hoteliers recorded a second consecutive month of profit decline for the new year, as the city suffered decreases across all headline performance measures during February, according to the latest HotStats report by TRI Hospitality Consulting.

Whilst hotels in London were once again able to achieve a year-on-year improvement across all headline performance measures this month, rising cost levels negatively impacted the conversion from total revenue to profit, according to the latest HotStats survey of approximately 560 full-service hotels across the UK by TRI Hospitality Consulting.

Shopping festivals helped hotels in Jeddah and Dubai register substantial growth in revenues and profits during the month of January 2012, according to the latest HotStats survey by TRI Hospitality Consulting.

After suffering a period of decline in Q4 2011, hoteliers in London are back to their best in the first month of 2012, recording a 7% increase in profit per room, according to the latest HotStats survey of approximately 560 full-service hotels across the UK by TRI Hospitality Consulting.

Seven of the 10 European cities in this month’s survey registered a Gross Operating Profit per Available Room (GOPPAR) decline in January 2012, according to the latest HotStats report by TRI Hospitality Consulting.