Page 59 - Kuwait-Three-Years-Business-Outlook-2019-2020-2021

KUWAIT MARKET HOTELS FORECAST

Scenario 2 - No changes from present situation

2018 a 2019 f 2020 f 2021 f 2022 f Assumptions

Rooms Based on present situation of demand (number
Available of visitors) & according to increased number of
3,142,285 3,153,235 3,501,810 3,644,160 3,709,130 rooms inventory. The 3 years forecast of
Kuwait Hotels will shows negative effect on the
results.
Rooms Sold
1,652,403 1,563,173 1,563,173 1,563,173 1,563,173 Variance 2019 to 2022:

Occupancy • Occupancy will decrease by -7
53% 50% 45% 43% 42%
• ADR will decrease by -6.5 KD
ADR • RevPAR will decrease by –KD 7
58 56 54 52 49
• Revenue will decrease by KD 10 m
RevPAR
31 28 24 22 21 According to above figures the profit margin
will decrease and it could become difficult to
manage profitability of the hotel.
Revenue in 96 87 83,9 80,5 77,3
MIllions

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