Monday 2 March 2015
 
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Mideast and Africa January hotel occupancy hits 62.8pc

The Middle East and Africa region’s hospitality sector reported a 1.2 per cent increase in occupancy to 62.8 per cent in January. The revenue per available room (RevPAR) also increased by 1.0 per cent to $115.61. The average daily

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Gulf Hotels Group posts $30m profit, up 7pc

Gulf Hotels Group (GHG) has reported a 7.24 per cent increase in net profit at BD11.28 million ($29.91 million) for last year. Chairman Farouk Almoayyed said the financial results indicate a considerable growth in business levels

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Hilton Q1 forecast down over strong dollar

Hilton Worldwide Holdings, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the US. Hilton expects "r

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Qatar hotels occupancy rates hit 73pc

Qatar’s hospitality industry witnessed a strong performance last year as average occupancy rates reached 73 per cent compared to 65 per cent in 2013. The country’s five-star hotels experienced a surge of 71 per cent in occup

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Qatar set for solid expansion in retail market

Qatar is set to see the addition of retail space amounting to more than one million sq m with a number of shopping malls due to open this year and in 2016, a report said. The retail sector in Qatar is driven by the high levels of

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Qatar set for solid expansion in retail market

Qatar is set to see the addition of retail space amounting to more than one million sq m with a number of shopping malls due to open this year and in 2016, a report said. The retail sector in Qatar is driven by the high levels of

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National Hotels Company announces 10pc dividend

National Hotels Company has announced a cash dividend of 10 per cent and bonus shares of five for the year ended December. In a bourse filing, the company said its board of directors have recommended cash dividend of 10 fils per s

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Abu Dhabi guest arrivals soar over 3.4m

Abu Dhabi’s hospitality sector witnessed a positive growth last year with guest arrivals reaching 3,494,063 – a year-on-year rise of 25 per cent. Guest nights climbed 19 per cent to reach 10,463,137. “The industry has

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Abu Dhabi hospitality industry receives top recognition

Around 20 hotels, two attractions and a luxury shopping mall across Abu Dhabi received the Welcome Chinese certification at an awards ceremony held recently at the Yas Island Rotana Hotel in the UAE capital. Organised by Abu Dhabi Touri

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Jeddah's hospitality sector witnesses strong growth

Saudi Arabian city of Jeddah's hospitality sector witnessed a successful end to 2014 with demand growth having climbed 2.9 per cent and supply increasing by 1.9 per cent, which resulted in a positive occupancy growth of 74.3 per cent during

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