Monday 22 January 2018
 
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Jeddah hotel occupancy, revenues continue to slump

Jeddah's hospitality sector endured another slow month as occupancy and revenue rates continued to decline in December 2017, new data showed. Figures released by STR revealed that hotel occupancy across the Saudi city averaged

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MEA hotel revenues hit by tumbling average room rates

Despite successfully recording growth across a number of revenue departments this month, hotels in the Middle East and Africa suffered a 1.8 per cent year-on-year drop in gross operating profit per available room (GOPPAR). The dip

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Jeddah hotel occupancy, revenues slump in November

Hotels in Jeddah suffered in November with occupancy and revenues showing double-digit decreases, according to new data. Figures released by STR revealed that hotel occupancy across the Saudi city averaged 45.7 per cent in Novembe

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Dubai hotels see occupancy, rates decline in November

Dubai hotels reported declines in occupancy and revenues in November although growth in demand remained healthy during the month, according to STR Global. STR Global’s preliminary November data for Dubai indicated increases

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Dollar Rent-a-car offers exclusive rates to Virtuzone clients

Dollar, one of the fastest growing car rental companies in the region, has signed a partnership with Virtuzone, a UAE company set-up specialist, offering exclusive rates for its customers until 2018. Clients of Virtuzone will be g

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Jeddah hotel revenues up 16.2pc in September

Jeddah hotels posted a strong performance across key performance metrics in September, recording its highest jump in revenue per available room (RevPAR) at 16.2 per cent to SR855.49 ($228). Average daily rate (ADR) also increased

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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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Jeddah hotel occupancy rates drop 13.7pc in August

Jeddah's hospitality sector witnessed a steep decline in occupancy levels in August, dropping 13.7 per cent to 68.5 per cent compared to the same period last year, said a report. RevPAR was also down for the months, slipping 6

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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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Jeddah's hospitality market top performer in Mena

Despite a drop in earning across the Middle East and Africa (Mena) hospitality sector in May, Jeddah's hotel market emerged as the top performer recording the highest occupancy rates at 80.2 per cent and highest RevPAR at at $247.

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