HVS surveyed owners and investors representing 160,000 GCC hotel rooms, finding cautious but intact long-term confidence despite the 2026 U.S.-Iran conflict disrupting aviation and traveller demand.
Skift partnered with Abu Dhabi's tourism authority to analyze key industry shifts, from the Middle East's growing influence to AI's impact on travel planning.
With more than 3.6 million visitors, representing a year-on-year increase of almost 25%, 2017 was the first time in Israel's history that the 3 million mark was reached. This article explores the hotel performance and development pipeline in Israel.
Israel's hotel sector saw a relatively stable performance during 2016 with significant potential for growth due to a rise in tourism and expansion of the sharing economy. This article explores the hotel performance and development pipeline in Israel.
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.
One of the greatest recent achievements of the Emirate of Dubai is its successful bid to host the Expo 2020, which was officially announced at the end of November 2013. It will be the first time that this reputable event will be hosted and organized in the Middle East and bears testament to the progress of Dubai and the world-class facilities it has developed in the last decade.
Hotels in Dubai reported strong RevPAR and profit growth during the month of September 2011 as the city emerged out of the low demand summer and Ramadan seasons, according to the latest HotStats survey of full-service hotels in six regional cities by TRI Hospitality Consulting.
The latest hotels in Beirut could not have timed their entrance to the market much better. The new properties in the Lebanese capital are benefitting from the recent upswing in revenue per available room as illustrated by data from STR Global, the leading provider of market information to the global hotel industry. RevPAR for year-to-date June 2010 has averaged US$149.79 compared with US$39.56 for the same period in 2007, the worst performance for a first half of a year since 2005 as seen in the graph below. This RevPAR improvement comes as the result of gains in average room rates. The openings included Le Gray (87 guestrooms, November 2009), the Arjaan Raouche Beirut (176, December 2009) and the Four Seasons Beirut (230, January 2010).
This market snapshot is the fifth in a series of articles that HVS will be producing every month on a series of key markets with STR Global. Our analysis for this market is based on a sample of more than 25,800 rooms, as provided by STR Global.
Deloitte, the business advisory firm, confirms that Abu Dhabi’s hospitality industry received a welcome boost when hosting the UAE’s (United Arab Emirates) first Formula One Grand Prix last weekend. Revenue per available room (revPAR) growth, one of the hotel industry’s key performance indicators, peaked on Friday 30th October up 97.6% according to daily STR Global data. However, occupancy and average room rates hit the highest point during the 3-day event on Saturday the 31 October, at an astonishing 97.5% and US$606 respectively.
This article examines the hotel market in Dubai. It comments on the historic performance as well as focusing on the apparent sustainability of Dubai’s hotel market as it stood before the financial crisis. We will then comment on the effect of the current economic situation on Dubai's hotel market in addition to commenting on the expected future hotel market supply and performance of Dubai hotels. Furthermore, we will share HVS' outlook for Dubai.
Data from STR Global, the leading provider of market information to the global hotel industry, illustrates the difference in performance of Dubai’s hotels in the Jumeirah beach area and those in the rest of the city.