Page 61 - Kuwait-Three-Years-Business-Outlook-2019-2020-2021
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KUWAIT MARKET HOTELS FORECAST
Scenario 3 - High Risk & No Opportunity
2018 a 2019 f 2020 f 2021 f 2022 f Assumptions
Rooms
Available Based on demand that would keep the
3,142,285 3,153,235 3,501,810 3,644,160 3,709,130 dropping trend of -5% respectively .The trend
would have negative impact on ADR over the 3
years as well on Revenue and others. The
Rooms Sold forecast of Kuwait Hotels over the 3 years
1,652,403 1,563,173 1,478,762 1,398,909 1,323,368 would show all negative results.
Occupancy Variance 2019 to 2022:
53% 50% 42% 38% 36%
• Occupancy will decrease by – 14
ADR • ADR will decrease by -8 KD
58 55 53 50 47
• RevPAR will decrease by –KD 10.5
RevPAR
31 27 22 19 17 • Revenue will decrease by KD 23 m
According to above figures the profit margin
Revenue in will decrease and it could become difficult to
MIllions manage profitability of the hotel.
96,2 86,53 77,7 69,8 62,8
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