Profit margin in the month was recorded at 2%, 1.9 percentage points higher than at the same time last year.
The Middle East showed the highest GOPPAR of any global region, checking in at $19.75, which was still 73% down from the same time a year ago and the lowest for the figure since November.
Beyond profit, top line numbers continue to perform well considering the global circumstances. Occupancy remained above 40% for fourth consecutive month, down 29.8 percentage points from the year prior. RevPAR fell month over month to $59.72, a 15% decrease over January.
Though labor costs are still down YOY, they have risen month to month, hitting a high of $39.40 in February, $11 higher than April, when the Middle East region first saw its performance massively drop. Overhead costs also rose to its highest level since April.
Profit margin in the month was recorded at 19.5%.
