A jump in supply has led to a negative overall performance for hotels in Jeddah during the month of April…
Abu Dhabi experienced higher occupancy levels but lower room rates in the month of April…
Occupancy levels are on the rise in the UAE according to figures released by industry analysts STR. It is not all good news though as the ADR fell by 3.4% to AED666.48 and RevPAR experienced a drop of 2.3% to AED556.12. “Healthy demand growth (+5.2%) was enough to outpace continued significant supply growth (+4.0%) in
Hotels in Jeddah experience negative performance due to spike in supply…
The Dubai market has shown strong growth in both supply and demand for the month of March.
The global hotel inventory has risen by 18% over the past 10 years.
Hotels in the Middle East reported negative February 2018 performance results
Demand for hotel rooms in Saudi Arabia rose by 16.4% in January – this was partly down to the January school holiday in the Kingdom, which had fallen in February of 2017, according to figures released by industry analysts STR. “The January school holiday, which fell primarily in February last year, pushed a 16.4% rise
Saudi Arabia has more than 64,000 rooms across the three phases of the hotel development pipeline, according to data from industry analysts STR. There are 187 hotel projects total in Saudi Arabia between the Planning, Final Planning and In Construction stages. The construction phase represents the largest portion of the pipeline with almost 40,000 rooms
Hotels in Jeddah posted a drop of 2.4% in terms of Average Daily Rate (ADR) as well as fall of 2.1% in RevPAR for the start of 2018. The figures were posted by industry analysts STR who stated that the negative performance was chiefly down to a significant rise of 11.1% in terms of supply.