Hotels in Abu Dhabi maintained robust performance throughout the month of April, as occupancy saw the highest growth amongst the five cities observed in the MENA region, according to the latest data from HotStats and commented by TRI Hospitality Consulting Middle East.
Hotels in Dubai enjoy some of the highest occupancy rates in the world. Tourists flock from around the region and afar to bask in the emirate’s winter sun, lie on its beaches and attend its glitzy events.
Hotels in Abu Dhabi posted double digit growth in Revenue Per Available Room (RevPAR) in January on the back of strong growth in occupancy levels and Average Room Rates (ARR), according to the latest HotStats survey of full-service hotels in five MENA cities by TRI Hospitality Consulting.
Following on from the success of the previous 12 issues of the EMEA Hotels Monitor, we would like to welcome you to Issue 13. The aim of the Hotels Monitor is to provide our clients and contacts with a quick reference booklet listing those vital statistics which reflect the relative health of our exciting industry across the EMEA region. The monitor incorporates hotel performance statistics from STR Global, an up to date guide on development costs from Rider Levett Bucknall and a selection of interesting deals transacted in the previous six months, courtesy of Whitebridge Hospitality. For this edition's back-page feature we have invited ISG to pen a brief article on the ticking time bomb that is capex and the need to refurbish older properties in the Middle East in order to maintain performance levels.
One of the key strengths of the Serviced Apartment Business Model is its versatility, hence being able to change the target market profile between long and short stay to suit market conditions in order to achieve revenue maximization. Brand Strength is a strong driver of serviced apartment demand with GDS, Direct Bookings, and Hotel Website bookings accounting for 40% of total bookings. A strong brand with a regional presence and strong online capabilities is essential to help and drive sales in all three markets (UAE, KSA, Qatar).
Hotels in Abu Dhabi registered substantial growth in revenues and profits during the month of October 2013, according to the latest HotStats survey by TRI Hospitality Consulting Middle East. Abu Dhabi hotels witnessed a boost to key performance metrics in the wake of the Eid Al Adha holidays and the city hosting a number of internationally renowned events. Occupancy levels in Abu Dhabi went up by 8.4 percentage points to 79.6% and Average Room Rate (ARR) increased by 16.8% to US$182.37 during the month, boosting Revenue Per Available Room (RevPAR) by 30.6% to US$145.13. The growth in the top line performance caused a surge in profit levels during the month as the Gross Operating Profit Per Available Room (GOPPAR) reached US$117.43, up by 47.3% compared to the same period in 2012.
More than 5.5 million tourists visited Dubai in the first half of 2013, representing an 11.1 per cent year-on-year increase, indicating that Dubai is on the way to achieving its Tourism Vision for 2020. The first half visitor number results, released by Dubai’s Department of Tourism and Commerce Marketing (DTCM) today, show increases across all key indicators, including hotel establishment guests, hotel and hotel apartment revenues, room occupancy and average length of stay.
Hotels in Abu Dhabi illustrated a 17.1% increase in Revenue per Available Room (RevPAR) driven by a 16.7 percentage point growth in occupancy from the previous year, according to the latest HotStats survey of full service four and five star hotels by TRI Hospitality Consulting Middle East.
Hotels in Abu Dhabi and Dubai capitalised on a surge in GCC demand in March driven by the spring break for schools in the region, which was complemented by an array of cultural, sports and other events, according to the latest HotStats survey of full service four and five star hotels by TRI Hospitality Consulting.
Hotels in Dubai continued to surpass previous year performances as regional and international tourists flock to the city for the 18th Dubai Shopping Festival, boosting key performance indicators across the market, according to the latest HotStats survey of full service four and five star hotels by TRI Hospitality Consulting.
In 2012 leisure spending is estimated to have risen by 1.1% while business spending was estimated to have fallen by 4.5%. Domestic spending is estimated to have fallen by 5.8% in 2012 whilst international spending is estimated to have grown by 5.7%. These trends are indicative of increased international leisure travel over the past year. • Leisure Markets made a strong recovery in 2012 with strong performance indicators in Sharm El Shekh, Hurghada and Alexandria
“May you live in interesting times!” They say this amiable-sounding invocation is in fact a Chinese curse, the implication being that the quiet life is preferable. Alas, we certainly do live in interesting times, with at least half the region in serious disarray. For hoteliers, the Arab Spring has cast serious doubts over Egypt, Bahrain and most of the Maghreb and the Levant countries as safe destinations in which to risk a business trip or a vacation.
Egypt´s tourism is on the verge of a comeback:. In spite of considerable turndowns due to the revolution, especially wellness hotels on the shores of the Red Sea as well as on the Sinai Peninsula have regained a utilization rate of 60- 70%. By the end of the year twelve million visitors from abroad are expected. Back in 2010 Egypt had welcomed 15 million visitors.
Hotels in Dubai saw a boost in profits and occupancy levels in June following increase in demand from domestic and regional travellers during the summer festival, according to the latest survey by TRI Hospitality Consulting. The HotStats survey, conducted in six Middle East and North African cities, said Dubai hotels continued their strong performance last month with a 9.2 per cent increase in average room rate.
Hotel occupancy performance in Abu Dhabi following the Formula 1 Grand Prix that took place last weekend (11th-13th November) was up compared to 2010, but remained lower than the first race weekend in 2009, according to STR Global, the leading provider of market data to the world's hotel industry.
Demand growth in Dubai's hotel industry was up 16.5 percent year-to-date August compared to the previous year, according to STR Global, the leading provider of market information to the global hotel industry. However, demand growth in terms of total rooms occupied and new hotel supply were unequally spread between all six segments tracked.
Dubai’s hospitality sector continues to outperform other markets in the world as the emirate recorded the highest occupancy rate during the first eight months of the year compared to other selected key regions in the same period, according to a latest study. Hotels in Dubai topped in occupancy rate that reached to the level of 69.7 per cent after witnessing a 2.8 per cent rise, compared to same period a year ago, according to Deloitte’s analysis of STR Global Hotel Performance Data for the Middle East.
Riyadh is leading the way in the hospitality market recovery for Saudi Arabia, according to a new report by real estate investment and advisory firm, Jones Lang LaSalle (JLL), with occupancy levels for "quality hotels" rising to 69 per cent at the end of the second quarter of this year.