The hotel industry in the Middle East reported negative results in the three key performance metrics during May 2017 compared to the same period in 2016, according to data from STR. The Middle East reported average occupancy of 64.4%, down 5.9% compared to May 2016, while revenue per available room (RevPAR) decreased by 8.2% to
Michael McCartan, Managing Director, EMEA, Duetto, takes us through the principles of revenue strategy, including segmentation, forecasting, open pricing and distribution, and explains why Middle East hotels need to get strategic with pricing. The way people shop for hotel rooms has changed dramatically in the last 20 years. Hotel revenue management teams need to adapt
Dubai’s hospitality sector witnessed decent occupancy rates in May while recording an increase in occupancy in the first two weeks of Ramadan amid falling room rates. Dubai recorded a 2.9% increase in occupancy over the two-week period, but average daily rate (ADR) was down 9%, resulting in a 6.4% decrease in RevPar according to STR.
Tourism Authority of Ras Al Khaimah have announced an increase of 23.7% in occupancy for the month of January 2016. Compared to January 2015, hotels in the emirate reported a 10.3% YoY increase in Rev PAR. In addition, the emirate’s hotels reported occupancy rate of 62.2%, up by 23.7% when compared to January 2015. Haitham
Knight Frank has released its Winter 2016 edition of the Abu Dhabi Hospitality Report. The research paper reveals while Abu Dhabi’s hospitality market saw subdued performance in the years leading up to 2013, the market has since gone from strength to strength, with three consecutive years of RevPAR growth. With growth in 2015 particularly impressive