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Source market dynamics to hit UAE hotel revenuesThe UAE hospitality sector's revenue levels are expected to weaken over 2019, owing to the changing nature of room night demand and sustained development pipeline, according to global property consultancy Knight Frank. Market More… |
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UAE hotels post highest occupancy, rates in MenaThe UAE reaffirmed its competitive lead among the hospitality markets in the Middle East and Africa (Mena) region in April, with Abu Dhabi witnessing the highest occupancy rate of 87.9 per cent and Dubai enjoying the highest revenue per availabl More… |
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ME hotel occupancy, rates down in May, Africa results positiveHotels in the Middle East reported negative performance results for the month of May while hotels in Africa posted growth across the three key performance metrics, according to data from STR. Occupancy levels in the Middle East fe More… |
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Dubai hotels outperform Mena market in Q1Dubai’s hospitality sector remains amongst the top performers in the Mena region, achieving the highest occupancy, average room rate (ADR) and revenue per available room (RevPAR) in the first quarter of 2018, a new report showed. More… |
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Cairo, Al Khobar to become key tourist citiesThe Egyptian capital Cairo and Saudi Arabia's Al Khobar city are expected to become tourist hot spots over the next couple of months with forecasted growths of 15 per cent and 6 per cent respectively in revenue per available room (RevPAR), a More… |
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Abu Dhabi hotel occupancy rates rise in AprilHotels in Abu Dhabi continued to see occupancy levels rise in April despite an absence of high-impact market events, which would have resulted in a higher volume of bookings. According to STR’s preliminary data report, it wa More… |
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Jeddah hotel occupancy, revenue rates hit new lowThe hospitality sector in Saudi port city of Jeddah registered a negative performance with regard to occupancy rates and also revenue growth mainly due to a 10 per cent jump in supply, said a report. Last month there was a s More… |
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Middle East hotels post mixed performance in Q1Hotels in the Middle East reported mixed Q1 2018 performance results, while hotels in Africa posted growth across the three key performance metrics, according to data from STR - a leading market research firm. Occupancy levels in More… |
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Abu Dhabi hotel occupancy slows in Q1Despite the ongoing increase in supply, Abu Dhabi hotels witnessed an increase in occupancy levels during the first quarter of the year, registering a 5 per cent jump to 79 per cent, JLL’s Q1 2018 Real Estate Market Overview Report reveale More… |
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Dubai hotels see occupancy, revenue dip in MarchHotels in Dubai witnessed slow growth across key performance indicators in March, registering a slight drop in revenues and occupancy rates for the month, said a report. Occupancy stood at 85.7 per cent in March, slipping 0.6 per More… |
