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Oman hotel occupancy rates up 54.5pcThe three to five-star hotels in the Omani capital recorded solid growth last year with the overall occupancy rate in the five star hotels across the Sultanate increasing to 54.5 per cent from 47.9 per cent in 2011, said a report. More… |
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Abu Dhabi hotels see solid growth in FebAbu Dhabi’s 141 hotels and hotel apartments generated double digit growth in guest nights, revenue, occupancy and average-length-of-stay in February with guest arrivals nudging up 7 per cent on the same month last year. Figu More… |
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Dubai hotels top Mena with highest profitsHotels in Dubai showed a monthly rise of 13.8 per cent in operating profit per room to $240.46 during 2012, marking them with the highest profits in the region for the third consecutive year, a report said. Bottom line performance More… |
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Bahrain hotels see rise in occupancy ratesBahrain hotels see rise in occupancy rates Manama Bahrain hotels reported an increase of 7 per cent in occupancy rates overall and by 4 per cent last November, said a report, adding that hotel room profitability has also go More… |
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Bahrain hotel occupancy rates upThe restaurants in Bahrain and special parties celebrating the New Year reported an average occupancy rate of 80 per cent compared to 40 per cent to 50 per cent in most hotels, according to the Kingdom’s hoteliers. Gulf Hote More… |
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Bahrain hotels register solid growth in JulyBahrain hotels registered a sharp 39.1 per cent increase in occupancy rates in July when compared to last year, thanks to the measures taken by the government to boost economic stability, said an expert. The marked change in the B More… |
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Dubai hotels edge up in March occupancy rateDubai hotels posted a 3.9 per cent rise in occupancy March as against the same month of 2011, despite an increase of 5.8 per cent in the average room rate, said an industry expert. “We should not forget that it has been achieved in an envi More… |
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New supply ‘won’t hurt Dubai property scene’The demand for property in Dubai is rising at a much faster rate than supply, and concern over supply issues has been greatly exaggerated, said an industry expert. “For the past 12 months Damac Properties has seen prices increase across th More… |
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Seven Tides project sees high occupancy ratesSeven Tides, the Dubai real estate developer and hospitality consultancy, has reported 99 per cent occupancy at its flagship Ibn Battuta Gate apartment building which boasts of stylish 156 one- and two-bedroom apartments. The Ibn Battuta G More… |
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Dubai registers solid tourism growthDubai has further consolidated its position on the global tourism map with an impressive all-round performance in 2011 registering a 10 per cent growth in visitor numbers which soared to 9.3 million, said a senior official. The hotels and More… |
