KUWAIT, Nov 1 (KUNA) -- A specialized economic report showed a downward trend in the hotel sector in Kuwait during the month of August, with occupancy rate dwindling by 2.8 percent on an annual basis for up to 39 percent.

The report, issued by the Tameer Real Estate Investment Company, said today that the average daily price of the room decreased by three percent year-on-year to reach USD 192.4, while the revenue of the available room retreated by nine percent to up to USD 76.7 during the month of August.

The report noted between last January to August a hike of the average daily price by six percent compared to the same period of last year.

And about hotel performance in the Middle East and North Africa, the report said it continued to see a mixed performance during the month of August compared to the same period last year, with lower occupancy rate for up to 9.5 points, while average daily rate fell by one point to USD 72.3 percent on an annual basis.