Hotels in the Middle East reported mixed results in key performance metrics this June, posting a 16.3 per cent decrease in occupancy to 48.9 per cent compared to June 2015, said a report.
Average daily rate for the month was up 12
A sharp drop in flight bookings to Istanbul followed the recent terrorist attack on June 28 at Ataturk Airport, according to ForwardKeys, which monitors future travel patterns by analysing 14 million reservation transactions each day.
The number of foreign visitors to Turkey fell by more than a third in May, official data showed on Tuesday - the biggest drop in at least 22 years as tensions with Russia and a spate of bombings continues to hit tourist arrivals.
Oil prices fell on Friday, as a stronger dollar pulled crude off 2016 highs hit this week.
Brent oil futures were trading at $51.15 per barrel at 0910 GMT, down 80 cents while US West Texas Intermediate (WTI) f
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.
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
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
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
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.
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