Colliers

ROUND-UP: Serviced Apartment Summit MEA 2016

by Sophia Soltani | 06 Nov 2016

More than 160 international delegates attended the second annual Serviced Apartment Summit MEA in Dubai this week. Held at the Fairmont The Palm, the event attracted delegates from Dubai, Abu Dhabi, Kuwait, Saudi Arabia, Qatar, Oman, India, Indonesia, US, UK, Singapore, Russia, The Netherlands and Germany. Despite a turbulent year for the region’s economy, with

Religious tourism to boost Riyadh & Jeddah hotel slump

by Sophia Soltani | 16 Aug 2016

Religious tourism in Saudi Arabia is expected to drive revenue streams across the hospitality sector as performance in Riyadh and Jeddah slow down. During the second quarter, the average occupancy rates in Mecca and Medina rose by 13% and 4% Y-o-Y, while those in Riyadh and Jeddah declined by 12% and 4 % respectively according









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