Saturday 25 February 2017
 
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hospitality

RAK hospitality market posts robust growth

Ras Al Khaimah's hospitality sector witnessed solid growth, recording a 10.9 per cent increase in full year visitor arrivals and a 9.8 per cent jump in occupancy rate, taking the annual occupancy to 71 per cent, according to a report.

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Oman eyes larger share of GCC tourist market

Oman’s tourism and hospitality industry is building momentum, with total investment in the sector set to hit $1.17 billion by 2026, according to the World Travel and Tourism Council (WTTC). The sultanate returns to Arabian T

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Abu Dhabi hotels see occupancy, rates decline in Jan

Abu Dhabi's hospitality sector reported sharp declines across key performance metrics in January 2017, with the steepest fall recorded in revenue per available room (RevPAR), which fell 11.2 per cent to Dh345.68 ($94) year-on-year, said a re

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Smartotels unveils flagship brand in the UAE

Smartotels Hospitality International, a hotel real estate investment and full-service hospitality and asset management company, today unveiled its latest upscale hospitality brand - Form Hotel - which will be launched in the UAE in 2018.

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GCC hospitality sector to grow 7.6pc

The GCC’s hospitality market is expected to grow at a 7.6 per cent CAGR from an estimated $25.4 billion in 2015 to $36.7 billion in 2020, according to Alpen Capital, a leading investment bank. The RevPAR (revenue per average room)

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UAE hospitality market reports weak performance

The UAE’s hospitality market remained subdued in 2016 on the back of weaker macroeconomic conditions, further strengthening of the USD, and a strong supply pipeline, said an industry expert. According to leading real estate

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Diversification in hospitality sector key to success, say experts

This year’s Arabian Hotel Investment Conference (Ahic) will focus on diversification in the hospitality sector in response to the challenges faced by the region, according to the conclusions of a regional briefing in Doha in the run-up to

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Mena hospitality markets see revenues drop in 2016

Hospitality markets across Mena witnessed a negative performance in 2016 compared to 2015, a new report has revealed. According to the EY Middle East Hotel Benchmark Survey Report, the majority of markets experienced a drop in Rev

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Dealing with the uncompromising customer in the ‘Age of I'

Intercontinental Hotels Group today launched its 2017 Trends Report - The Uncompromising Customer: Addressing the Paradoxes of the ‘Age of I’ - at the World Economic Forum (WEF) in Davos, Switzerland.   The report

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HotelREZ adopts Sabre’s hospitality solutions

HotelREZ Hotels & Resorts has completed the migration of its member hotels to Sabre’s SynXis Central Reservations and device responsive booking engine, securing its ability to provide HotelREZ customers with access to Sabre’s ind

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