Occupancy levels in the Middle East and Africa reached 66.6 percent last month, leading to increased revenue and profits for the entire region.
The Middle Eastern hotel market faced performance declines as Africa's hotels saw rises in demand and profit.
The European hotel industry's performance surged, most notably in the the UK, Spain and the Netherlands.
Both domestic and international travelers to Africa are driving demand away from the luxury sector toward mid-market accommodation.
MENA's 1.9-percent GOPPAR growth in October 2017 may not be enough offset declines other key performance metrics.
Though most cities saw growth in occupancy and RevPAR, hotels in Zurich recorded sharp declines.
CERP has begun to accept letters of intent from investors to acquire shares of two Croatia-based hotel operators.
Despite a growing hotel pipeline by 301 projects, some African markets saw plunging performance results.
Hong Leong Group's City Developments has set its buyout bid for Millennium & Copthorne at approximately £1.8 billion.
Ikos Olivia is named Top Mediterranean Resort currently in operation, as Club Med Marbella claims the title while still in development.