Monday 27 June 2016
 
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RevPAR

Abu Dhabi hotel occupancy levels up 1.3pc

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

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RevPAR Guru launches new pricing strategy solution for hotels

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.  

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Dubai hotels occupancy, rates fall in April

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

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RAK Hospitality Asset Management Q1 RevPAR up 16.4pc

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

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UAE hotels top region for occupancy in May

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 reg

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MEA February hotel occupancy drops to 67.2pc

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

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Hilton Q1 forecast down over strong dollar

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

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UAE hotels see drop in November occupancy

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

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Dubai hotel occupancy edges down in October

Hotels across Dubai recorded a small drop in average occupancy by 0.3 per cent in October compared to the same time last year, due to the additional supply of hotel rooms, a report said. Dubai also witnessed a slight decrease in t

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Cairo September occupancy jumps 107pc, tops MEA

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.

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