Oman hotels are expected to see revenue per available room (RevPAR) continue to decline despite forecasts of a significant boost this year from the planned opening of new properties, said a report.
"For the next year a large
Makkah and Madinah in Saudi Arabia were the only major hotel markets in the Middle East to experience increases in revenue per available room (RevPAR) during Ramadan 2016, new data showed.
Makkah saw RevPAR increase 8.3 per cent,
The Saudi Arabian city of Makkah was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of Ramadan.
According to an analysis by STR, the marke
Hotels in Abu Dhabi reported a stronger performance across key performance metrics in May with occupancy levels jumping 1.3 per cent to 74.4 per cent year-over-year, said a report.
The UAE capital's hospitality sector al
RevPAR Guru, the creators of real-time revenue management solutions, has launched One Step Ahead, the first free in-depth market analysis tool, enabling hoteliers to closely monitor their competition in order to maximise revenue.
Dubai experienced a slow April this year when hotel occupancy levels, average-daily-rate (ADR) and revenue-per-available room (RevPAR) dipped in comparison to the same period in 2015, reports showed.
Despite increases in supply (o
RAK Hospitality Asset Management has announced that its hotels under management posted a record growth of 16.4 per cent in revenue per available room (RevPAR) in Q1 2016.
Rashad Saab, head of asset management at RAK Hospitality As
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.
The Middle East and African (MEA) region reported a 0.2 per cent decrease in hotel occupancy to 67.2 per cent in February this year, a recent report said.
However, the region posted a 1.3 per cent rise in revenue per available roo
Hilton Worldwide Holdings, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the US.
Hilton expects "r