STR's preliminary January 2017 data for Abu Dhabi, United Arab Emirates, indicates sharp rate declines.Based on daily data from January, Abu Dhabi reported the following in year-over-year comparisons:
STR's preliminary December 2016 data for Dubai, United Arab Emirates, indicates strong demand growth and lower rates consistent with significant supply growth. Based on daily data from December, Dubai reported the following in year-over-year comparisons:
STR's preliminary November 2016 data for Abu Dhabi, United Arab Emirates, indicates significantly lower average daily rate in year-over-year comparisons.Based on daily data from November, Abu Dhabi reported the following:
Cost Cuts Can't Stop Rooms Profit Drop at Manama Hotels Profit per room in the Rooms Department at Manama hotels dropped by 10.3% this month, which was in spite of savings in both departmental Cost of Sales and Payroll, according to the latest data from HotStats.
STR's preliminary October 2016 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth.Based on daily data from October, Dubai reported the following in year-over-year comparisons:
The opening of the Hotel Westin Dubai Al Habtoor City last August with 1,004 rooms including 142 suites, pushes Dubai's hotel supply over the symbolic 100,000 room mark, making the Emirate one of the most mature hotel markets on the planet. On this occasion, Dubai Tourism and its CEO Helal Saeed Almarri organized an official event bringing together the regions primary players. Dubai Tourism expects to see steady growth in nights until the culmination point that should be the World Exposition 2020, the first organized in the Middle East, based on the theme 'Connecting Minds, Creating the Future'.
STR's preliminary September 2016 data for Abu Dhabi, United Arab Emirates, indicates overall performance declines. Based on daily data from September, Abu Dhabi reported the following in year-over-year comparisons:
STR's preliminary August 2016 data for Dubai, United Arab Emirates, indicates mixed performance results.Based on daily data from August, Dubai reported the following in year-over-year comparisons:
LONDON -- STR's preliminary July 2016 data for Abu Dhabi, United Arab Emirates, indicates occupancy growth and lower rates. Based on daily data from July, Abu Dhabi reported the following in year-over-year comparisons:
Almost 5,000 hotel keys have been added to Qatar’s stock over the past 18 months and the additional supply has started to impact performance measures in the second quarter of 2016, a DTZ executive says. Occupancy levels fell 64% in April 2016 compared to 72% in the same month in 2015, while average daily rates also experienced a year-on-year (y-o-y) fall of 6.5% from QR551 in April 2015 to QR515 in April 2016, said DTZ associate director – Consulting and Research Johnny Archer. Speaking before stakeholders yesterday at the launching of DTZ’s “Q2 2016 Qatar Market Report,” Archer said revenue per available room fell by 17.8% from QR399 in April 2015 to QR328 in April 2016.
International interest of hotel operators and chains continues to be strong despite volatile visitation numbers given the prevailing geo-political instability in Israel. This article explores the hotel performance and development pipeline in Israel.
Despite significantly reducing both overhead and labour costs, hotels in Abu Dhabi were unable to offset the decline in revenue across the major operating departments this month and as a result year-on-year profit per room dropped by 6.9%, according to the latest data from HotStats.
Holding some of the biggest modern manmade marvels, Dubai is one city that can't be missed to visit. It homes 7 of the 10 tallest hotels in world and the tallest building, the Burj Khalifa. The Building is so tall that people on the top floors have to wait a while longer than those on the ground to break their fast. From hotels and manmade beaches to upcoming climate controlled cities, Dubai has accomplished incredible feats engineering on the harshest of environments.
STR's preliminary May 2016 data for Abu Dhabi, United Arab Emirates, indicates higher occupancy levels and lower rates.Based on daily data from May, Abu Dhabi reported the following in year-over-year comparisons:
Millennial travellers are forecast to become the dominant consumer group globally by 2020, yet the future appears closer for Saudi Arabia, a new report has unveiled.
A report by Euromonitor International prepared for The Hotel Show Saudi Arabia reveals that in 2016, 10.3 million people or 32 per cent of the kingdom’s population are classed as millennials or young adults (aged 18–36). Meanwhile, 27 million domestic trips are forecast to be made by Saudi travellers this year.
STR's preliminary April 2016 data for Dubai, United Arab Emirates, indicates year-over-year performance declines.Based on daily data from April, Dubai reported the following in year-over-year comparisons:
The rate of decline in top line revenue performance at Doha hotels has accelerated in the first three months of 2016 as the city, and wider Qatar economy, continues to face challenges, according to the latest data from HotStats.
STR data shows that Dubai, United Arab Emirates, recorded 2016's highest first-quarter average daily rate (ADR) among major markets around the world. This marked the 12th consecutive year that Dubai has led this group of markets in Q1 ADR when reported in U.S. dollar constant currency*.
Hotels in the Middle East reported negative results, while hotels in Africa reported mixed results for the three key performance metrics when reported in U.S. dollar constant currency, according to Q1 2016 data from STR.
Despite growing competition, a bright outlook is anticipated for the Dubai spa market according to a report issued today by Colliers International, a global leader in real estate advisory services. The report, which features the results from a survey completed by 25 leading spa operators between January – February 2016, lists the key challenges faced by operators in 2015, top 3 guest nationalities and expectations for 2016.