Friday 29 July 2016
 
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UAE hotels report postive performance in Q1

Hospitality and tourism activity continued to pick up in parts of the Northern Emirates as visitor numbers and occupancy rates recorded y-o-y increases during Q1 2016, said a report. Furthermore, some emirates have shown a strong

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Japan signals readiness to intervene as Brexit boosts yen

Japan will respond as needed to "extremely nervous" exchange-rate moves in the wake of Britain's referendum on leaving the European Union, Finance Minister Taro Aso said on Friday, signalling a readiness to intervene to stem excess

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Baggage mishandling rates drop 10.5pc

The airline industry’s focus on improving baggage management is showing strong results with 2015 baggage mishandling rates dropping to 6.5 bags per 1,000 passengers, the lowest ever recorded.   According to the Sita Bag

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Abu Dhabi hotels see occupancy, rates decline in February

Abu Dhabi's hospitality sector reported declines across key performance metrics in February with the steepest fall recorded in revenue per available room (RevPAR), which fell 32.5 per cent to Dh376.17 ($102.4) year-on-year, said a report.

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Hotels’ occupancy rates top 90pc during Bahrain air show

Occupancy rates at Bahrain’s five-star hotels during Bahrain International Air Show topped 90 per cent, Bahrain Tourism and Exhibition Authority acting chief executive Shaikh Khalid bin Humood Al Khalifa said yesterday (January 26). Four

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Abu Dhabi hotels report weak performance in Dec

Abu Dhabi experienced a slow December last year when hotel occupancy levels, average-daily-rate (ADR) and revenue-per-available room (RevPAR) dipped in comparison to the same period in 2014, reports showed. Despite increases in supply (

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Abu Dhabi hotel occupancy, rates drop in Nov

Abu Dhabi hotels reported declines in occupancy, average-daily-rate (ADR) and revenue-per-available room (RevPAR) in November despite occupancy levels reaching above 90 per cent during the Formula 1 Abu Dhabi Grand Prix weekend, said a report.

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Egypt raises key interest rates by 50 basis points

Egypt's Monetary Policy Committee (MPC) raised benchmark interest rates by 50 basis points on Thursday, citing inflationary pressures, a week after it shocked markets by postponing its decision.   The move wa

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Rising competition, strong US dollar to impact Dubai hotel rates

Hotel rates in Dubai will be impacted next year by rising competition and a strong US dollar despite the emirate’s hospitality sector proving to be resilient in the face of more challenging economic conditions, locally and globally, said a

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As Fed fog lifts, central bankers keep puzzling over China

The world’s central banks are scrambling to assess the risk a slowing China poses to their economies and appear to be no closer than most other observers to working out what is going on in the world's second largest economy.

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