Wednesday 22 November 2017
 
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decline

Profits plummet as MEA hotels return to business as usual

Following a summer of mixed fortunes, which included a welcome year-on-year increase in profit per room in August, hotels in the Middle East & Africa were back to business as usual in September as gross operating profit per available room (G

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Dubai hotels' occupancy, rates decline in September

Dubai's hospitality sector reported declines across key performance metrics in September with the steepest fall recorded in revenue per available room (RevPAR), which fell 14.8 per cent to Dh381.20 ($103.7), said a report. Ave

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Dubai hotels see occupancy, rates decline in July

Dubai's hospitality sector reported declines across key performance metrics in July with the steepest fall recorded in revenue per available room (RevPAR), which fell 14.7 per cent to Dh309.76 ($84.3) year-on-year, said a report.

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Qatar hotel occupancy, rates decline in Q1

Due to slowing economic activity and corporate spending, hotels in Qatar have experienced a decline in occupancy and average rates during the first quarter of 2017, a new report has revealed. According to a market review released

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Dubai hotels see rates decline in March

Hotels in Dubai reported significant declines in both average daily rate (ADR) and revenue per available room (RevPAR) in March, according to preliminary data from research firm STR. The steepest fall was in RevPAR, which slid 11

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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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