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Turkey tourist arrivals drop biggest in 17 years

The number of tourists visiting Turkey fell by 28.07 per cent in April from a year earlier, official data showed on Friday, marking the biggest drop in 17 years on tensions with Russia and security concerns after a spate of bombings.

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Mideast hotel occupancy rates drop to 71.1pc

Hotels in the Middle East reported negative results in key performance metrics this April, posting a 1.8 per cent decrease in occupancy to 71.1 per cent compared to April 2015, said a report. Average daily rate for the month was d

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Turkish tourism revenues down 16.5pc in Q1

Tourism revenues in Turkey dropped 16.5 per cent year-on-year to $4.07 billion in the first quarter, the Turkish Statistics Institute said on Friday. Last year as a whole, tourism revenues fell 8.3 per cent to $31.5 billion. - Reu

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Baggage mishandling rates drop 10.5pc

The airline industry’s focus on improving baggage management is showing strong results with 2015 baggage mishandling rates dropping to 6.5 bags per 1,000 passengers, the lowest ever recorded.   According to the Sita Bag

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Asian shares drop as banks come under pressure

Asian shares extended losses to three-week lows, while the yen soared to a 17-month high against the dollar as investors bet Japan would be hard pressed to drive down its currency in the face of widespread foreign opposition. &nbs

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Saudi Arabia hotels report weak performance

Hospitality activity in Saudi Arabia displayed signs of a slow down during the last quarter of 2015 as occupancy rates dipped across the kingdom, with Jeddah (down 14 per cent) being the hardest hit. The materialisation rate of de

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Egypt t-bill yields drop at Thursday's auction

Yields on one-year and six-month treasury bills dropped at auctions as the Finance Ministry sold all amounts on offer, data from the central bank showed.   The average yield on Egypt's 182-day bill fell to 13

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Turkish tourist arrivals drop amid security concerns

The number of foreign visitors going to Turkey fell 10 per cent in February, the biggest drop in a decade, amid security concerns for a country feeling the spillover effects from the war in Syria. Turkey has been hit by a spate a

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Mideast hotel occupancy rates drop 5.3pc

Hotels in the Middle East reported negative results in key performance metrics this February, posting a 5.3  per cent decrease in occupancy to 70.2 per cent compared to February 2015, said a report. Average daily rate for the

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Abu Dhabi hotels see occupancy, rates decline in February

Abu Dhabi's hospitality sector reported declines across key performance metrics in February with the steepest fall recorded in revenue per available room (RevPAR), which fell 32.5 per cent to Dh376.17 ($102.4) year-on-year, said a report.

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