Upscale hotels in Oman saw revenues shoot up in the first six months of the year with three- to five-star hotels reporting over OR97 million ($250.9 million), said a report.
Around 1.14 million visitors were recorded till the end of Jun
Luxury hotel chain Soneva Group plans to develop a seven-star resort in the Musandam Governorate in Oman.
Comprising 40 villas, work on the new upscale project will begin in 2017, confirmed Sonu Shivdasani, the founder and CEO of
Nowhere in the world has more accommodation available on Airbnb than Paris. Now the home-sharing website that has transformed budget travel to the French capital is giving its super-deluxe hotels a fright too.
"The Paris mark
Four- and five-star hotels in Dubai suffered the effects of falling demand in June with occupancy levels dropping 9 per cent to 68.4 per cent, reports showed.
Average room rates (ARR) fell 2.1 per cent to $206.35 during the month and re
With over 770,000 sq m of retail floor space scheduled to be completed in Cairo over the next 18 months, vacancy rates are likely to increase from their current levels, limiting the scope for further rental growth in the Egyptian capital, said a
Abu Dhabi is expanding its luxury hospitality offering with around 5,300 rooms in the pipeline set to push the emirate’s total room tally to 26,000 from 20,700 by 2017, said a report.
Around 2,300 rooms will enter the market
Abu Dhabi’s real estate market remained stable during the second quarter (Q2) of this year, with performance of most sectors remaining flat, and a slight increase in hospitality performance, said an industry expert.
Residential rents in Dubai, UAE, declined by 3 per cent in the second quarter of the year in the face of 6,750 new housing units that were delivered during the period, a report said.
The new supply of homes took the total Dubai re
The occupancy rate at Tamani hotel rooms and apartments allocated for families who attended Eid holiday in Dubai, especially from Saudi Arabia and other Arab countries, exceeded 96 per cent, according to a senior official.
Middle East and Africa hotels have reported an 8.2 per cent decrease in occupancy, a 4.2 per cent increase in average daily rates (ADR) and a 4.4 decrease in revenue per available room (RevPar), according to recent data.