Hotels in the UAE witnessed an occupancy rate of 76.7 per cent during May, marking a year-on-year increase of 2.1 per cent, while the rest of the Middle East and Africa region reported mixed results, according to new data.
While UAE hotels recorded the highest occupancy (83.1 per cent) for November in the region, the rate still marked a decrease of 2.5 per cent over the figures for the same month of 2013, a report said.
Egypt hotels logged 55.2 per
Cairo hotels reported an increase of 95.4 per cent in occupancy to 55.3 per cent during October, marking the largest year-over-year growth in the Middle East and Africa region, a report said.
The region reported a 7.2 per cent inc
Hotels in Cairo reported the largest occupancy increase during September in the Middle East and Africa region with year-on-year growth recording a significant 107.5 per cent, while occupancy levels reached 51.8 per cent, a report said.
Hotels in Dubai, UAE, will end the year with a 2.2-per-cent increase in revenue per available room (RevPAR), STR Global has said.
The global provider of hotel data had in previously forecast in May a RevPAR of 3 per cent for 2014.
Dubai hotels reported the lowest occupancy levels in July of any month for the last 18 years, said an industry expert, adding that preliminary data indicate negative revenue-per-available-room performance.
“As July is one of
The Middle East/Africa hotel region has 614 hotels under contract totalling 143,870 rooms, according to the June 2014 STR Global Construction Pipeline Report.
The under contract data includes projects in the in-construction, final
Dubai hotels experienced positive revenue-per-available-room performance during June despite a 5.5 per cent decline in occupancy, a report said.
There was an 8.6 per cent increase in supply and demand grew 2.6 per cent during the
There are currently 71 hotels confirmed across all market sectors in varying stages of planning or construction in Dubai which are estimated to provide over 22,000 additional rooms, a report said.
The demand for hotel accommodatio