mea hotels reports positive growth
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

MEA hotels reports positive growth

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today MEA hotels reports positive growth

London - Arab Today

The last month of April has worked out positively for most Middle East and Africa hotels. As per recent reports from STR Global, the Middle East/Africa region reported a two percent increase in occupancy to 67%, a 7.2% increase in average daily rate to US$178.93 and a 9.4% increase in revenue per available room to US$119.89. “The Middle East has consistently been performing well in the recent months, with exception of the summer months, which are impacted by Ramadan”, said Elizabeth Winkle, managing director of STR Global. “The sub-region has one of the highest pipelines with 40% room growth of existing supply. Saudi Arabia and UAE are emerging as stars in the region, as investors are showing increased interest in both. There is a lot of interest and optimism in the region”. Highlights among the Middle East/Africa region’s key markets include Manama hotels which posted an increase of 17.9% in occupancy to 60.1%, reporting the largest increase. Abu Dhabi followed with a 13.3% showing an increase to 79.2%. Beirut witnessed a sip to -16.1% to 47.6 percent, and Lagos-13.8% to 59.4% reporting the largest occupancy decreases. Three markets achieved ADR growth of more than 10% were Muscat with 14% to US$270.73, Dubai with 10.6% to US$283.65 and Jeddah with 10.4% to US$248.88. However, Sandton and surrounding areas, fell 10.8% in ADR to US$105.63, reporting the only double-digit decrease. Five markets experienced double-digit RevPAR growth which was Muscat with 23.5% to US$223.16, Abu Dhabi with 17.2% to US$123.30, Amman with 13.5% to US$120.88, Dubai with 12.8% to US$239.64 and Jeddah with 11.3% to US$195.96. Beirut witnessed a dip with -19.1% to US$69.72 and Lagos -15% percent to US$161.96 posted the largest RevPAR decreases. Source: Travel Daily

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mea hotels reports positive growth mea hotels reports positive growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

mea hotels reports positive growth mea hotels reports positive growth

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 10:48 2018 Sunday ,14 January

Tunisia mulls reforms after week of unrest

GMT 11:47 2016 Thursday ,10 November

Against South Africa in rugby Test

GMT 07:58 2017 Wednesday ,16 August

Singer Fares Karam will participate in Stars Ship

GMT 17:09 2017 Friday ,17 November

Israel ready to cooperate with Saudi

GMT 09:03 2017 Saturday ,06 May

Foreign policy: Where France's candidates stand

GMT 00:48 2017 Monday ,01 May

Ooredoo supports Reyooq initiative for SMEs

GMT 09:54 2018 Tuesday ,23 January

Russians challenge doping ban

GMT 08:15 2018 Saturday ,20 January

Macron boosts Merkel ahead of key coalition vote

GMT 11:37 2014 Tuesday ,03 June

For TV news, funny beats boring

GMT 13:26 2017 Monday ,28 August

Face scans, robot baggage handlers

GMT 11:32 2017 Thursday ,12 January

Targets top 10 with solid showing in Melbourne

GMT 09:14 2017 Wednesday ,18 October

Is facial recognition the stuff of sci-fi? Not in China

GMT 21:01 2017 Wednesday ,02 August

Monfils peaking for Citi defence, eyes US Open

GMT 14:32 2014 Thursday ,20 March

Algeria opposition MP quits ‘docile’ parliament

GMT 08:34 2017 Friday ,10 March

Hounded out: battle to save beloved British dogs
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday