Wednesday 5 August 2015
 
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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 hotel occupancy reaches 68.7pc in March

The Middle East and African (MEA) region's hotel occupancy rates jumped 3.2 per cent in March to 68.7 per cent, compared to the same period last year, said a report. MEA also saw a 0.7 per cent rise in revenue per available room (Re

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Abu Dhabi hospitality market posts solid Q1 growth

Abu Dhabi’s hospitality market was the strongest performing sector for the first quarter of 2015, witnessing an increase of 12 per cent in hotel average daily rates (ADRs) in the year-to-February compared to the same period the previous ye

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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

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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

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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

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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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