Sunday 13 July 2014
 
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RevPAR

Mena hotels ‘perform well’ through summer

“The hotel market performed very well across most of Mena in August,” said Yousef Wahbah, Mena head of Transaction Real Estate at EY, a major professional services organisation. Although the summer months are generally

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Marriott MEA posts 10pc RevPAR growth

Marriott International has recorded a 10.6 per cent increase in revenue per available room (RevPAR) across the Middle East and Africa in the second quarter, as compared to the same period last year. The increase was predominantly

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IHG announces $350m special dividend

InterContinental Hotels Group (IHG), a leading hotel company, has announced a $350 million special dividend as well as an increase of 10 per cent in interim dividend on bumper rise in revenues and profits in the first half of the year.

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Mena hotels see 8pc rise in revenue per room

End-of-year hotel results for 2012 reveal a steady recovery for the Mena region, with more than 8 per cent RevPAR (revenue per available room) growth over the corresponding period last year, a report said. This was driven by a 4.2

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Dubai hotels occupancy up 5.6pc in Oct

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

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RevPAR across region up 10.4pc in Q1

RevPAR (revenue per available room) across the Middle East rose 10.4 per cent in the first quarter of 2012 compared to 2011– 50 per cent greater than Asia and North America, said an expert. While these figures varied between the major citi

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Jumeirah Group plans 16 more hotels

Jumeirah Group, a Dubai-based global luxury hotel company which operates 20 luxury hotels and residences across 10 global destinations, has a pipeline of 16 hotels under development, the group announced today. The next openings are schedul

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Dubai tops in global hotel occupancy levels

The hospitality industry in Dubai continued its strong growth levels with the emirate topping the hotel occupancy levels and average revenue per room (RevPAR) globally for January, said top tourism officials citing the STR Global report.

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Mideast hotel occupancy edges up

Middle East hotels have witnessed a year-to-date (YTD) increase of 2.7 per cent in occupancy compared to the corresponding period in 2010, said a report. Revenue per available room (RevPAR) in the Middle East has been recorded at $119 duri

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Dubai hotel occupancy up 12pc in June

Dubai’s hotels witnessed a significant increase in occupancy of 12 per cent to reach 70 per cent during the month of June despite increased supply, said a report. The city’s hotels also witnessed an increase of 14 per cent in RevPAR (reven

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