Monday 24 July 2017
 
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Jeddah's hospitality market top performer in Mena

Despite a drop in earning across the Middle East and Africa (Mena) hospitality sector in May, Jeddah's hotel market emerged as the top performer recording the highest occupancy rates at 80.2 per cent and highest RevPAR at at $247.

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Qatar hotel occupancy, rates decline in Q1

Due to slowing economic activity and corporate spending, hotels in Qatar have experienced a decline in occupancy and average rates during the first quarter of 2017, a new report has revealed. According to a market review released

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Exclusive Ramadan rates at Jannah Place Dubai Marina

Jannah Place Dubai Marina, a luxury family hotel situated by the Marina Promenade, welcomes the holy month of Ramadan by offering a 20 per cent discount on the best available rates when booking directly. Observe the holy season in

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Dubai hotels see rates decline in March

Hotels in Dubai reported significant declines in both average daily rate (ADR) and revenue per available room (RevPAR) in March, according to preliminary data from research firm STR. The steepest fall was in RevPAR, which slid 11

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Abu Dhabi hotels post highest ADR rates in two years in Feb

Hotels in Abu Dhabi saw average daily rates reach its highest in two years this February, according to new figures. STR’s preliminary February data showed that Abu Dhabi's hospitality sector recorded a 17.9 per cent incr

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EITC royalty rates to stay unchanged for 5 years

Emirates Integrated Telecommunications Company (EITC) has confirmed that the UAE Ministry of Finance has announced the Federal Royalty scheme, which will be applied annually on EITC for the period 2017 to 2021. EITC has two teleco

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ME hotel revenues down in October, Africa results mixed

Hotels in the Middle East reported negative October 2016 results, while hotels in Africa posted mixed results in the three key performance metrics for the same month. Compared with October 2015, the Middle East reported a 4.4 per

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Dubai hotels see occupancy, rates decline in October

Dubai's  hospitality sector reported declines across key performance metrics in October with the steepest fall recorded in revenue per available room (RevPAR), which fell 12 per cent to Dh598.09 ($162.7) year-on-year, said a report.

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Abu Dhabi hotel rates dip in first eight months

Hotel performance in Abu Dhabi remained under pressure over the first eight months of the year with rates dipping double-digits, a new report unveiled. According to JLL's Q3 Abu Dhabi Real Estate Market Overview, average daily

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Mideast hotel occupancy rate rises to 65.2pc in August

Hotels in the Middle East reported mixed results in key performance metrics this August, posting a 2.3 per cent increase in occupancy to 65.2 per cent compared to August 2015, said a report. However, average daily rate (ADR) was d

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