Thursday 30 March 2017
 
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Abu Dhabi hotels see occupancy, rates decline in Jan

Abu Dhabi's hospitality sector reported sharp declines across key performance metrics in January 2017, with the steepest fall recorded in revenue per available room (RevPAR), which fell 11.2 per cent to Dh345.68 ($94) year-on-year, said a re

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Mena hospitality markets see revenues drop in 2016

Hospitality markets across Mena witnessed a negative performance in 2016 compared to 2015, a new report has revealed. According to the EY Middle East Hotel Benchmark Survey Report, the majority of markets experienced a drop in Rev

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Global aviation profit levels to drop 17pc in 2017 - report

The outlook for the global aviation industry looks gloomy as a sustained stronger US dollar and low oil prices make travel for overseas customers more expensive, tightening market conditions. According to a recent report released

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Dubai hotels see occupancy, rates decline in October

Dubai's  hospitality sector reported declines across key performance metrics in October with the steepest fall recorded in revenue per available room (RevPAR), which fell 12 per cent to Dh598.09 ($162.7) year-on-year, said a report.

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Oil prices slide as oversupply concerns weigh

Oil prices extended losses on Wednesday after falling by as much as 3 per cent in the previous session amid concerns that rebalancing the global oil market will take longer than originally envisaged. Prices had been supported earl

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Shares crumble as oil falls, bond yields soar on stimulus doubts

Asian shares wallowed near six-week lows on Wednesday, bruised by a fall in oil prices on renewed worries about a supply glut and as investors grew nervous about the diminishing capacity of the world's major central banks to shore up economi

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UAE’s residential sector set for further decline

 As the local economy continues to adjust to softening global conditions, overall residential values and rents in Dubai, Sharjah and Abu Dhabi are set for a further decline for the remainder of 2016, according to leading international real

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Oman hotel sector to suffer RevPAR loss

Oman hotels are expected to see revenue per available room (RevPAR) continue to decline despite forecasts of a significant boost this year from the planned opening of new properties, said a report. "For the next year a large

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Oil price decline hits regional training market: Survey

The plunge in the oil price and slowdown in regional economic activity seems to have had a mixed impact on the regional training market, according to the latest research by online recruitment firm GulfTalent.   S

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Oman's star hotels see Q1 occupancy dip

Oman's star hotels saw occupancy rates decline to 65.3 per cent during the first quarter of the year, down from 66.9 per cent recorded in Q1 2015. Despite the 8 per cent year-on-year rise in guest numbers during Q1 (360,080 gu

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