Prices of hotels around the Grand Mosque in Makkah have dropped by as much as 150 per cent due to the development projects in the area which include a considerable number of construction and hotel projects, a top official said.
Hotels saw rising occupancy rates rising across key markets in Dubai, Abu Dhabi and Ras Al Khaimah during the first quarter (Q1) of the year, said an industry expert.
Hotels in the UAE capital recorded double digit growth in reven
The overall occupancy rate in Dubai’s hotels increased to 86.6 per cent in October, which is 5.6 per cent higher than it was in October 2011, said an expert.
“In addition, the rooms yield (RevPAR) increased by 12 per c
Luxury hotels in Bahrain have reported a surge in business during the Eid Al Adha break, as people poured in from neighbouring countries to celebrate the holiday.
Occupancy rate at five-star hotels was double that of last year wit
Occupancy rates across Damac Properties’ residential development portfolio in Dubai is well above average, and as high as 97 per cent in some properties, the luxury developer has revealed.
The average residential occupancy rate in Dubai is
The consumer spending during this Dubai Summer Surprises (DSS) is likely to hit an all-time high of Dh3 billion ($816 million).
With only days left before the tenth edition of DSS begins, different economic sectors are gearing up for what