Tag Archives: hotels

Dubai hotels see rates slump as supply jumps in September

Significant supply growth continued to put pressure on the performance of hotels in Dubai during September, according to analysts STR. Its preliminary September 2017 data for Dubai showed declines across all performance indicators as supply rose by 5.6 percent against ...

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Jeddah hotels turn in strong performance for September

DUBAI: Jeddah hotels performed strongly in September with room occupancy and room rates rising over the previous year, global hotel industry tracker STR said on Thursday.For the month, hotel occupancy rates rose by 3.5 percent to 70.2 percent while average ...

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Preferred Hotels reports 34% growth in Dubai

Preferred Hotels & Resorts has recorded 34 percent growth in inbound travel to its Dubai portfolio since the beginning of 2017, it said on Sunday. The company, which provides services to independent luxury hotels across the world, said growth in ...

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Saudi Arabia leads MidEast surge in new hotels construction

Saudi Arabia led the Middle East and Africa region in the construction of new hotel rooms in August, according to new figures from analysts STR. The Gulf kingdom has 40,020 hotel rooms in 89 projects in the construction pipeline, ahead ...

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Middle East hotels under contract up, Saudi Arabia has most rooms under construction

DUBAI: Optimism runs high among Middle East hospitality operators with 583 hotel projects under contract as of August, global hotel data STR said in its latest Pipeline Report.STR defines hotels under contract as projects in the construction, final planning and ...

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MidEast hotels see revenues slump to five-year low in July

Hoteliers in the Middle East and Africa saw revenue per available room (RevPAR) figures drop to a five-year low in July, according to a new survey. Data provided by HotStats showed that July marked a low in recent top and ...

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Saudi, Bahrain hotels suffer occupancy, rates slump in July

Hotels in both Bahrain and Saudi Arabia saw declines in occupancy and room rates in July, according to new figures from analysts STR. Bahraini hotels saw occupancy fall by 1 percent to 49.3 percent while Saudi hoteliers experienced a heftier ...

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