Markets & Performance Middle East News - Hospitality Net

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Opinion Article

January 6, 2016

Spirit of Dubai!

I came to Dubai in the year 1999 and has been a great journey until now, thanks to this City! I have seen it transition from empty desert in to a booming economy and a great City. The Government of Dubai is immensely pro-active in its approach for the continuous development of Dubai to give new experiences to its citizens, expatriates and the tourists alike. This differentiates Dubai from many other destinations and its hospitality has become synonymous to the destination Dubai.

By Chandrashekhar Iyer, CHA, FIH(UK), Director – Hospitality, Tourism & leisure, Crowe Horwath, Dubai, Crowe Horwath International

Dubai, United Arab Emirates

September 2, 2015

HotStats MENA Chain Hotels Market Review – July 2015

Abu Dhabi Hotels reported a 27.2% growth in revenue per available room (RevPAR) to US$73.01 in July, driven by a 10.5 percentage point rise in occupancy levels to 60.8%. The improvement in RevPAR can also be attributed to an average room rate (ARR) growth of 5.2% to US$120.05. The rise in room revenues helped offset the decline in food and beverage sales during the month and translated to a 19.9% increase in total revenue per available room (TRevPAR). A growth in overall revenue helped hotels in the city increase gross operating profit per available room (GOPPAR) to US$11.40.

United Arab Emirates

July 23, 2015

Trends and Opportunities: Israel Hotel Market Overview 2015

Numerous international companies are showing increased interest in the Israeli hotel market. This article provides an insight into the country's tourism demand, its hotel market and hotel values and investment.

By Jill Barthel and Russell Kett

May 27, 2015

HotStats MENA Chain Hotels Market Review – April 2015

In April, a 10.8 percentage point reduction in occupancy levels to 62.3% had a direct impact on the performance of Amman hotels. The lower demand during the month saw both average room rate (ARR) and revenue per available room (RevPAR) fall by 4.3% and 18.5% respectively to US$154.94 and US$96.48. Hotels were able to offset the decline in room revenue with stronger food and beverage demand, which increased by 19.0% and 4.7%. Hotel profits were impacted by higher operating expenses, falling by 25.1% to US$55.26.

United Arab Emirates

May 8, 2015

Middle-East Hotels Face Supply Glut According to PwC’s Middle East Hotel Forecast Report

This first edition of our Middle East cities hotel forecast is published amidst some of the fastest growing tourism and hotel markets in the world. There are six cities in this new Middle East econometric forecast - Abu Dhabi, Doha, Dubai, Jeddah, Muscat and Riyadh. All are important gateway or capital cities and/or business and tourism destinations. Some are emerging as magnets for Meetings, Incentives, Conferences and Exhibitions (MICE), Mega Events and leisure/ shopping travelers. Some, including Dubai and Doha are heading at breakneck speed into the future. Dubai will host the Expo in 2020 and Qatar the FIFA World Cup in 2022. Although outside the parameters of this forecast, planning is already heavily underway and will mean significant new supply preparations.

Dubai, United Arab Emirates

May 6, 2015

Investors’ Interest for Hotel Sector in Middle East and Africa Remains Strong, according to 2015 JLL MENA Hotel Intelligence Report

JLL's Hotels & Hospitality Group has released its 2015 Middle East Hotel Intelligence Reports today for the key markets of Dubai, Abu Dhabi, Doha, Jeddah and Riyadh at the Arabian Hotel Investment Conference (AHIC) in Dubai.

Dubai, United Arab Emirates

May 1, 2015

MENA Hotel Market Forecast Apr-Jun 2015 - Colliers

This publication has been prepared by Colliers International Hotels MENA, providing hotel performance forecasts for 29 submarkets in key MENA hospitality markets. Key Performance Indicators include Hotel occupancy %, calculated as occupied room nights / available room nights, Average Daily Rate (ADR), calculated as total rooms revenue / occupied room nights, Revenue per Available Room (RevPAR), calculated as total rooms revenue / available room nights.

Dubai, United Arab Emirates

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April 30, 2015

HotStats MENA Chain Hotels Market Review – March 2015

Four and five star hotels in Dubai saw average room rates (ARR) fall by 5.5% to US$380.85 in March, according to the latest data from HotStats. Occupancy levels remained stable during the month at 88.8%, however the reduction in ARR had a flow-on effect on revenue per available room (RevPAR) which fell by 4.8% to US$338.25. A reduction in food and beverage revenues further reduced total revenue per available room (TRevPAR) which dropped by 8.9%. Although operational expenses were marginally reduced, the lower overall revenues resulted in gross operating profit per available room (GOPPAR) falling by 7.8% to US$306.62.

Dubai, United Arab Emirates

March 2, 2015

HotStats MENA Chain Hotels Market Review – January 2015

Dubai and Abu Dhabi experienced contrasting results for the month of January as gross operating profit per available room (GOPPAR) fell by 7.4% to US$281.79 in Dubai, whilst Abu Dhabi saw GOPPAR levels increase by 1.2% to US$88.38, according to the latest data from HotStats.

Dubai, United Arab Emirates

January 28, 2015

HotStats MENA Chain Hotels Market Review – December 2014

Dubai's four and five star hotels maintained strong performance levels during the month of December with revenue per available room (RevPAR) increasing by 2.2% to US$308.26. The growth in rooms revenue was driven by a marginal growth in average room rate (ARR) which rose by 0.4% to US$375.11, coupled with a 1.4 percentage point increase in occupancy to 82.2%. Higher F&B and conferencing revenues drove a 3.5% increase in total revenue per available room (TRevPAR) to US$573.30 and supported profitability, as gross operating profit per available room (GOPPAR) increased by 4.0% to US$286.33.

United Arab Emirates

January 27, 2015

Colliers International Launches MENA Hotel Market Forecast

Colliers International, a global leader in real estate advisory, today launched the inaugural MENA Hotel Market Forecast which points to the significant opportunities for the hospitality market in Cairo and Sharm Al Sheikh. The report sites rising popularity of Sharm Al Sheikh with European visitors and socio-political stability in Cairo as key drivers of growth.

Sharm Al Sheikh, Egypt

January 7, 2015

HotStats MENA Chain Hotels Market Review – November 2014

Hotels in Dubai have reported weakening performance trends, as revenues per available room (RevPAR) declined by 6.6% to US$ 340.06 for the month of November compared to the same period last year, according to the latest HotStats data. The contraction in room revenues was due to a softening of occupancies which retracted by 1.1 percentage points to 86.7%, but led largely by a decline in average room rates (ARR) of 5.5% to US$ 392.37. The drop in room revenues also caused a decline in total revenues per available room (TRevPAR) by 2.3% to US$ 602.70, but was compensated in some part by an increase in food and beverage revenues that rose by 4.8% for the period. Profitability levels were under pressure as some key cost items such as payroll and sales and marketing inched higher for the period, causing gross operating profit per available room (GOPPAR) to contract by 4.3% to US$ 316.36.

Dubai, United Arab Emirates

The next-gen metrics that move hotel P&L

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December 2, 2014

HotStats MENA Chain Hotels Market Review – October 2014

The relative stability experienced in Manama during recent months has allowed hoteliers to record a strong growth in revenues for the month of October compared to the same period last year, according to the latest data from HotStats.

October 29, 2014

HotStats MENA Chain Hotels Market Review – September 2014

The recovery of the Abu Dhabi hotel market continues to gain momentum with four and five star hotels reporting positive gains in performance levels for the month of September compared to the same period last year. Average room rate (ARR) increased by 4.2% to US$128.96 while occupancy grew by 6.6 percentage points to 76.6%, resulting in revenue per available room (RevPAR) rising 14.0% to US$98.76. Total revenue per available room (TRevPAR) was impacted by decline in beverage revenues of 5.3%, however the strong room performance led to a 9.4% increase over the same period last year to US$219.13. The growth in RevPAR directly impacted gross operating profit per available room (GOPPAR) which increased by 42.4% to US$47.73.

Abu Dhabi, United Arab Emirates

September 30, 2014

HotStats MENA Chain Hotels Market Review – August 2014

Hotels in Cairo encouraged by strong performance results in July benefitted from a surge in hotel demand as occupancy levels increased by more than 41 percentage points to 62.0% in August, according to the latest HotStats survey of full service four and five star hotels by TRI Consulting.

Dubai, United Arab Emirates

September 24, 2014

Israel’s hotel economy shows good growth despite the country’s instability

Hotels in Israel have shown encouraging growth in performance over the past year, albeit that the recent tension and conflict the region has been experiencing will have a profound effect on this year's performance.

September 1, 2014

HotStats MENA Chain Hotels Market Review – July 2014

The Dubai hotel market saw occupancy levels fall to 50.3 percent in July as overall demand within the city reduced due the summer heat and impact of Ramadan, according to the latest HotStats survey of full service four and five star hotels by TRI Consulting.

Dubai, United Arab Emirates

August 26, 2014

Abu Dhabi Hotel Price Index Down 11.5%

Abu Dhabi’s Hotel price index (HPI) decreased from 90.6 in May 2014 to 80.1 in June 2014, a decrease of 11.5 per cent, according to Statistics Centre- Abu Dhabi (SCAD). In its report, which provides an analysis of the hotel establishments price index during the month of June 2014 compared with May 2014 and the same period of 2013, SCAD said the HPI decreased by 3.8 per cent year-on-year, from 83.3 in June 2013 to 80.1 in June 2014.

emirates247.com

Abu Dhabi, United Arab Emirates

July 31, 2014

HotStats MENA Chain Hotels Market Review – June 2014

The Abu Dhabi hotel market continued to grow from strength to strength, as strong top-line performance elevated profitability levels in the first six months of 2014, according to the latest HotStats survey of full service hotels in five MENA cities commented on by TRI Hospitality Consulting Middle East.

Abu Dhabi, United Arab Emirates

July 1, 2014

Abu Dhabi hotel occupancy may slow down in Ramadan | khaleejtimes.com

After record occupancy levels in the first five months of the year, hotels in Abu Dhabi are expecting a bit lower occupancy in holy month of Ramadan. The number of hotel guests checking into Abu Dhabi’s 155 hotels and hotel apartments reached a five-month high from January to May this year with occupancy touching 78 per cent — an eight per cent lift on the same period in 2013.

khaleejtimes.com

Abu Dhabi, United Arab Emirates