Page 57 - Kuwait-Three-Years-Business-Outlook-2019-2020-2021
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KUWAIT MARKET HOTELS FORECAST
Scenario 1 - High Opportunity & No Risk
2018 a 2019 f 2020 f 2021 f 2022 f Assumptions
Rooms
Available
3,142,285 3,153,235 3,501,810 3,644,160 3,709,130 Based on projects that could notable take fast
pace by unexpected government events. If
events will take place in Q3 that could improve
Rooms Sold demand and close the year with positive gap.
1,652,403 1,668,927 1,735,684 1,822,469 1,822,469 However with increase of rooms inventory over
the 3 years its effect is shown on the results.
Occupancy
53% 53% 50% 50% 49% Variance 2019 to 2022:
• Occupancy will decrease by 4
ADR
58 57 58 59 60 • ADR will increase by KD 3
RevPAR • RevPAR will decrease by –KD 0.5
31 30 29 30 30
• Revenue will improve by 16 m
Revenue in Revenue will improve according to additional
MIllions demand that is 9% on additional supply of 18%
96 95 100 108 110
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