Page 44 - Kuwait-Three-Years-Business-Outlook-2019-2020-2021
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STR Insights
April YTD Results 2019
Regionally, demand is growing
fast. Beirut is rebounding with
demand at +19.2% following the
Kuwait is the only key market in lifting of the travel ban from Saudi
the GCC with negative hotel Arabia. Qatar, Riyadh and
demand for 2019 so far as the Manama follow close with At the same time hotel rooms
accompanying chart shows. A supply is also growing. The only
tough beginning to the year was similarly high growth rates. Qatar market with supply growing faster
continues to rebound as it is
expected as 2018 set a relatively than demand in 2019 is Dubai
high benchmark for the same successfully attracting demand which is adding further pressure
from alternative source markets,
period with quite a few events and mainly in Asia. Manama has seen to hotel performance.
the related government spending
involved. an uplift in corporate demand
following the discovery of a large
oil and gas field off its coast in
April last year.
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* STR’s Profitability Report sample in Kuwait currently consists of 15 hotels. For more information or if you wish to participate with your hotel please contact profitability@str.com
