Markets & Performance Middle East Press Releases - Hospitality Net

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October 30, 2017

September 2017: MENA Room Profits Plummet

Following a summer of mixed fortunes, which included a welcome year-on-year increase in profit per room in August, hotels in the Middle East & Africa were back to business as usual this month as GOPPAR levels sunk by 17.1% year-on-year, according to the latest worldwide poll of full-service hotels from HotStats.
September typically marks a return to 'normal' trading conditions for hotels in the Middle East & Africa following the disruption during the summer, and with room occupancy levels this month (66.7%) well ahead of the average for the preceding three-month 'summer' period at 57.5%, they looked to be back on track.

United Arab Emirates

October 23, 2017

STR: Middle East and Africa hotel performance for Q3 2017

Hotels in the Middle East reported negative performance results during Q3 2017, while hotels in Africa posted growth across the three key performance indicators, according to data from STR.U.S. dollar constant currency, Q3 2017 vs. Q3 2016Middle East

October 16, 2017

STR: Middle East and Africa hotel pipeline for September 2017

STR's September 2017 Pipeline Report shows 164,497 rooms in 574 hotel projects Under Contract in the Middle East and 55,349 rooms in 299 projects Under Contract in Africa. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Under Contract total in the Middle East represents a 3.4% increase in rooms Under Contract compared with September 2016. Specifically in the In Construction phase, the Middle East reported 96,694 rooms in 302 projects. Based on number of rooms, that is a 15.9% increase in year-over-year comparisons.

United Arab Emirates

October 12, 2017

STR: Preliminary September data for Jeddah hotels

STR's preliminary September 2017 data for hotels in Jeddah, Saudi Arabia, indicates strong performance growth.Based on daily data from September, Jeddah reported the following in year-over-year comparisons:

Jeddah, Saudi Arabia

October 11, 2017

STR: Preliminary September data for Dubai hotels

STR's preliminary September 2017 data for Dubai, United Arab Emirates, indicates performance declines consistent with significant supply growth. Based on daily data from September, Dubai reported the following in year-over-year comparisons:

Dubai, United Arab Emirates

September 29, 2017

August 2017: Profit Rise Provides Welcome Respite for Hotels in the Middle East & Africa

Hotels in the Middle East & Africa recorded a 6.6% year-on-year GOPPAR increase in August, which was only the third month this year in which profit growth has been achieved, providing a welcome respite from a challenging trading period, according to the latest worldwide poll of full-service hotels from HotStats.

United Arab Emirates

September 21, 2017

STR: Middle East and Africa hotel performance for August 2017

Hotels in the Middle East reported mixed performance results during August 2017, while hotels in Africa posted growth across the three key performance indicators, according to data from STR.U.S. dollar constant currency, August 2017 vs. August 2016Middle East

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September 19, 2017

Laurent A. Voivenel Speaks On Growth Of Mid-market Sector At The Hotel Show In Dubai

Laurent A. Voivenel, Senior Vice President, Operations and Development for the Middle East, Africa and India, Swiss-Belhotel International, was among the top speakers today at The Hotel Show being held at the Dubai World Trade Centre from 18 to 20th September, 2017. Speaking at the Middle East Hospitality Leadership Forum, Laurent participated in a panel discussion on the booming mid-market in Dubai and its ongoing effect on 4* & 5* operators.

Dubai, United Arab Emirates

September 11, 2017

STR: Preliminary August data for Jeddah hotels

STR's preliminary August 2017 data for Jeddah, Saudi Arabia, indicates lower occupancy levels but higher rates amid significant supply growth. Based on daily data from August, Jeddah reported the following in year-over-year comparisons:

Jeddah, Saudi Arabia

September 11, 2017

STR: Preliminary August data for Abu Dhabi hotels

STR's preliminary August 2017 data for Abu Dhabi, United Arab Emirates, indicates performance declines consistent with significant supply growth. Based on daily data from August, Abu Dhabi reported the following in year-over-year comparisons:

Abu Dhabi, United Arab Emirates

September 4, 2017

July 2017: Profit Hits Low at Hotels in the Middle East & Africa

For hotels in the Middle East & Africa, July marked a low in recent top and bottom line performance as demand levels remained soft during the stifling summer months, according to the latest worldwide poll of full-service hotels from HotStats.

United Arab Emirates

August 23, 2017

STR: Middle East and Africa hotel performance for July 2017

Hotels in the Middle East reported negative results during July 2017, while hotels in Africa recorded growth across the three key performance metrics, according to data from STR.U.S. dollar constant currency, July 2017 vs. July 2016Middle East

United Arab Emirates

August 10, 2017

STR: Preliminary July data for Dubai hotels

STR's preliminary July 2017 data for Dubai, United Arab Emirates, indicates steep performance declines consistent with the year-to-year shift in Ramadan dates. Based on daily data from July, Dubai reported the following in year-over-year comparisons:

Dubai, United Arab Emirates

August 1, 2017

Why Dubai Hotel Owners Must Innovate to Stand Out in Crowded Market

With the number of new rooms in Dubai slated to exceed 120,000 by 2019, hotel owners and operators in the city must become increasingly innovative to stand out in one of the world's most crowded hospitality markets.

TOPHOTELPROJECTS

Dubai, United Arab Emirates

June 30, 2017

HotStats MENA Chain Hotels Market Review - May 2017

Hotels in Cairo recorded a 42.4 per cent year-on-year increase in profit per room this month as the city's hoteliers enjoy a well-earned resurgence in line with the economic recovery of Egypt, according to the latest data from HotStats.

June 6, 2017

Hotels Operated by HMH – Hospitality Management Holding In UAE Demonstrate Exceptional Performance

Hotels operated by HMH – Hospitality Management Holding in the UAE exceeded expectations with an outstanding year-to-date performance. While Bahi Ajman Palace Hotel recorded an impressive 23 per cent growth in revenue, Coral Beach Resort Sharjah and Coral Dubai Deira averaged between 5 to 10 per cent increase in revenue year on year.

United Arab Emirates

May 22, 2017

Jordan reviews tourism sector as revenues remain static since last year

Tourism officials in Jordan have been reviewing developments in the country's tourism sector as revenues from 2016 are on par with takings from 2015 despite a reported rise in the number of visitors to the Western Asian kingdom. Jordan is home to an incredible 100,000+ sites of religious and archaeological sites and spectacular landmarks that draw tourists from all around the world, namely the historical cities of Petra and Jerash, and biblical sites including Al-Maghtas and Mount Nebo. These sites are significant to both Islamic and Christian faiths, but Jordan also sees visitors coming for the purposes of medical tourism, where people come to receive medical attention that cannot be found in other places in the region.

TOPHOTELPROJECTS

May 10, 2017

Oman being earmarked as new tourist destination

The Middle Eastern country of Oman is the subject of some reimagining of its potential from within the region. A panel discussion by the Majlis al-Shura, the region's political and advisory body, stated that more was to be done to tap into the underexploited resource of Oman's tourism industry. According to a report by the Committee on Addressing the Economic Crisis and its Impact on the Society, Oman should be monitoring tourism patterns and activities and investigating ways in which the culture, heritage and geography of Oman could be used to increase the tourism sector in the area so that it would benefit the economy.

TOPHOTELPROJECTS

May 10, 2017

STR: Preliminary April data for Abu Dhabi hotels

STR's preliminary April 2017 data for Abu Dhabi, United Arab Emirates, indicates occupancy growth and lower room rates. Based on daily data from April, Abu Dhabi reported the following in year-over-year comparisons:

Abu Dhabi, United Arab Emirates

April 26, 2017

Demographics and digitisation identified as two major Catalysts of Change impacting the global hotel industry at AHIC 2017

Catalysts of Change including the shift in global economic powers, demographics and ageing populations, and the impact of digitisation were some of the hot topics discussed live on stage during the opening sessions of the Arabian Hotel Investment Conference 2017 (AHIC), being held at Madinat Jumeirah in Dubai from 25-27 April, 2017 and organised by Bench Events and MEED.

Dubai, United Arab Emirates