STR's preliminary August 2019 data for Dubai, United Arab Emirates, indicates significant growth in both supply and demand. Based on daily data from August, Dubai reported the following in year-over-.
The Middle East Hotel Construction Pipeline Project Count at an All-Time High in the Second Quarter of 2019
In a recent report by analysts at Lodging Econometrics (LE), the Middle East hotel construction pipeline stands at 640 projects/181,890 rooms, up 6% and 4%, respectively, year-over-year (YOY). This is an all-time high for projects in the region.
Outbound GCC travelers spent over US$69bn worldwide in search of memorable and engaging experiences, says GlobalData
As one of the largest outbound markets within the global travel industry, the Gulf Cooperation Council (GCC) saw travelers spend over US$69bn worldwide in 2018, an increase of 4.5% from 2017. The area is developing to become a powerful source market for any destination as outbound GCC travelers are seeking more engagement in a wider array of tourism experiences, according to GlobalData, a leading data and analytics company.
Rising costs are eating into revenue gains at hotels in the Middle East and North Africa, according to data tracking the region from HotStats.
Hotels in the Middle East reported mixed July 2019 performance results, while hotels in Africa posted increases across the three key performance metrics, according to data from STR.U.S. dollar constant currency, July 2019 vs.
STR's July 2019 hotel pipeline data showed 427 projects accounting for 123,742 rooms in construction in the Middle East and 138 projects and 25,986 rooms in construction in Africa. The Middle East total represented a 2.
STR's preliminary July 2019 data for Jeddah, Saudi Arabia, indicates high occupancy but double-digit rate declines due to comparison with a strong 2018. Based on daily data from July, Jeddah reported.
Hotels in the Middle East & North Africa recorded a 6.4% year-on-year decline in profit per room in June, as the month of Ramadan mostly fell in May, and hotels in the region missed their usual demand bump, according to the latest data tracking hotels from HotStats.
Hotels in the Middle East reported mixed second-quarter 2019 performance results, while hotels in Africa posted increases across the three key performance metrics, according to data from STR.U.S. dollar constant currency, Q2 2019 vs.
HotStats, the global leader in monthly profitability data benchmarking for the hotel industry, has released findings of Middle East & North Africa hotel performance for 2018, in its "Profit Matters: MENA Annual Hotel Performance Tracker 2019.