Declining total revenue was exacerbated by rising costs, including a 1.7-percentage-point increase in payroll levels as a percentage of total revenue to 27.3 percent, as well as a 1.8-percentage-point increase in overheads as a percentage of total revenue to 25.2 percent. Profit & Loss Key Performance Indicators - Middle East & Africa (in USD)January 2019 v. January 2018RevPAR: -7.5% to $116.96TRevPAR: -5.7% to $198.23Payroll: +1.7 pts. Non-rooms revenue fell to $132.20, equivalent to 38.5 percent of total revenue, and contributed to an 8.2-percent decline in TRevPAR. Having been recorded at 48.6 percent of total revenue in January 2016, it fell back to 44.5 percent in the month. "Against a backdrop of challenging economic conditions, profit decline is likely to continue at hotels in Dubai for some months to come."

Source: The North Africa Journal March 12, 2019 11:48 UTC