Thursday 21 September 2017
 
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Occupancy

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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Abu Dhabi hotels see occupancy, rates decline in August

Hotels in Abu Dhabi reported performance declines across key  performance metrics in August, with the steepest fall recorded in revenue per available room (RevPAR), which fell 11.7 per cent to Dh206.95 ($56.3) year on year, said a report.

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Sharjah hospitality revenues hit $101.2m in H1

Sharjah’s hospitality sector revenues witnessed a remarkable 7.8 per cent increase during the first half of 2017 compared with the previous year, with its value reaching Dh372 million ($101.2 million), the Sharjah Commerce and Tourism Deve

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Sharjah National Hotels posts over 70pc occupancy in H1

Sharjah National Hotels Company, a subsidiary of Sharjah Islamic Bank (SIB), reported an average of more than 70 per cent occupancy during the first six months of 2017, said a report. The strong half year performance helped the gr

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Middle East hotel revenues drop 18.4pc in July

Hotels in the Middle East reported negative results during July 2017, while hotels in Africa recorded growth across the three key performance metrics, according to data from STR. Occupancy rates across the Middle East dropped 2.8

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ME hotel sector stays flat in Q2, Africa positive

The hotel industry in the Middle East reported nearly flat results during the second quarter of 2017, while hotels in Africa recorded growth across the three key performance metrics, according to data from STR. Occupancy levels in

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Bahrain hotel revenues hit $8.4m during Eid break

Hotel revenues in Bahrain totaled up to BD3.2 million ($8.4 million) during the Eid Al Fitr break, with over 22,000 hotel rooms booked and the total occupancy rate of five-star hotels reaching up to 80 per cent. “The positiv

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ME hotel occupancy, rates down in May, Africa results mixed

The hotel industry in the Middle East reported negative results during May 2017, while hotels in Africa recorded mixed results in the three key performance metrics, according to data from STR. Occupancy levels in the Middle East d

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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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Leisure demand fuels profit growth at Dubai hotels

Strong growth in both volume and price in the leisure segment in April helped hotels in Dubai secure one of the most significant increases in top and bottom line performance in recent years, according to the latest data from HotStats.

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