The decline in profit was led by a 1.6-percent decrease in non-rooms revenue, which fell to $89.33, equivalent to 42.2 percent of total revenue. to 28.1%GOPPAR: -4.3% to $79.45Profit margin in the region was 37.5 percent of total revenue, marking the sixth consecutive month of profit conversion erosion. Sharm El Sheikh hotels are slowly benefitting. Profit conversion was at 40.4 percent of total revenue, down 11.2 percentage points over the same time prior. Profit & Loss Key Performance Indicators - Kuwait City (in USD)February 2019 v. February 2018RevPAR: -26.1% to $123.83TRevPAR: -25.1% to $229.27Payroll % of Total Revenue: +5.4 pts.

Source: The North Africa Journal April 04, 2019 12:56 UTC