Friday 27 March 2015

Dubai hotels see 9pc drop in August daily rates

Dubai’s overall hospitality market recorded an average daily rate (ADR) of $195 in August as against $213 in the same month of 2013, marking a drop of 9.23 per cent, a report said. Average occupancy jumped month-on-month fro


Cairo hotels top region with 95pc occupancy

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


Jeddah hotels post highest ADR rise in March

Hotels in Jeddah, Saudi Arabia, reported the highest increase of 8.5 per cent to $247.56 in average daily rate (ADR) in March this year, compared the same period last year, in the Middle East/Africa region, according to data compiled by STR Glob


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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