Tuesday 26 July 2016
 
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Occupancy

Mideast hotel occupancy rates drop to 48.9pc

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

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Abu Dhabi retail property market stable in Q2

Prime retail developments in Abu Dhabi, UAE, continued to display stability in both rental and occupancy rates during the second quarter (Q2) of the year, according to a report released by global real estate consultancy firm CBRE.

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UAE hotels report postive performance in Q1

Hospitality and tourism activity continued to pick up in parts of the Northern Emirates as visitor numbers and occupancy rates recorded y-o-y increases during Q1 2016, said a report. Furthermore, some emirates have shown a strong

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Oman's star hotels see Q1 occupancy dip

Oman's star hotels saw occupancy rates decline to 65.3 per cent during the first quarter of the year, down from 66.9 per cent recorded in Q1 2015. Despite the 8 per cent year-on-year rise in guest numbers during Q1 (360,080 gu

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Ramadan boosts Makkah hotel revenues

The Saudi Arabian city of Makkah was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of Ramadan. According to an analysis by STR, the marke

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ME hotel revenues down in May, Africa results mixed

The Middle East region's hotels reported negative results in key performance metrics in May, while Africa reported mixed results in the three key performance metrics of occupancy, average daily rate (ADR) and revenue per available room (RevP

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Abu Dhabi hotel occupancy levels up 1.3pc

Hotels in Abu Dhabi reported a stronger performance across key  performance metrics in May with occupancy levels jumping 1.3 per cent to 74.4 per cent year-over-year, said a report. The UAE capital's hospitality sector al

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Ajman Q1 tourism revenue surges $29m

Ajman witnessed a 20 per cent increase in the number of guest arrivals during the first quarter of the year, generating total tourism revenue of Dh108 million ($29.3 million), a new report has unveiled. According to tourism statis

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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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Dubai hotels occupancy, rates fall in April

Dubai experienced a slow April this year when hotel occupancy levels, average-daily-rate (ADR) and revenue-per-available room (RevPAR) dipped in comparison to the same period in 2015, reports showed. Despite increases in supply (o

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