STR: Preliminary November data for Dubai hotels
STR's preliminary November 2017 data for Dubai, United Arab Emirates, indicates significant growth in supply and demand. ... The November edition of STR's Dubai Market Forecast is now available.
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Demographics and digitisation identified as two major Catalysts of Change impacting the global hotel industry at AHIC 2017
The trends presented by PwC were: Demographic and Social Change, with a polarising demand shift from the Silver Tourist to the Millennials and Generation Z; Shift in Global Economic Powers, as emerging ... economies are expected to surpass advanced economies in terms of international tourism arrivals by 2020; Accelerating Urbanisation, with 40 global megacities forecast by 2025; Climate Change and Resource
The five megatrends that will impact the Middle East’s travel and tourism industry: PwC report
The travel and tourism industry today finds itself at the helm of a multi-faceted demand shift driven by these generational and demographic changes. ... This change from what the report calls "Generation Z and the Millennial to the Silver tourist" - brings with it numerous opportunities and challenges, mainly because of the polarising demands it requires
STR: Dubai hotels show signs of performance recovery during Q1 2017
"While Dubai continues to add new supply, it also continues to add new leisure attractions, and expanding the market's range of potential visitors can only help drive hotel demand and profitability." ... "The market faces several challenges over the next few years in maintaining a demand level that can offset some of this supply growth.
Arabian Hotel Investment Conference to unveil global hospitality research trends impacting the Middle East
While this represents significant expansion for Dubai, demand has also continued to grow. ... Looking at 2016 vs 2017, the survey will analyse the shifts in market mood and forecasts.
STR: Preliminary March data for Dubai hotels
STR's preliminary March 2017 data for Dubai, United Arab Emirates, indicates performance consistent with significant growth in both supply and demand. ... The February edition of STR's Market Forecast is now available.
Top 10 Catalysts For Change Impacting Middle East Hotels
Demand for more affordable, quality accommodation Aligned with the current economic outlook for the Middle East and many of its target markets, including Europe and Asia, the industry is experiencing demand ... Staffing and superstars When forecasting the outlook for the Middle East hospitality industry, hotel development needs to be considered alongside talent development, of both the global hospitality workforce
Middle East Hotel Industry Experts Forecast Strong Investment Opportunities Ahead of AHIC 2017
"In Bahrain, we have seen somewhat less volatility in hotel performance mainly due to a lower inventory of supply paired with a consistent volume of demand. ... We expect market stability to continue in 2017 with moderate supply growth and continued advancement in demand.
STR: Preliminary December 2016 data for Dubai
per available room (RevPAR): -5.4% to AED657.37 This was Dubai's highest December demand increase since 2011. ... The November edition of STR's Market Forecast is now available.
STR: Preliminary October 2016 data for Dubai
STR analysts note that demand from the annual Gulf Information Technology Exhibition (GITEX), held 16-20 October, was outweighed by continued supply growth in place for Expo 2020 Dubai. ... The August edition of STR's Market Forecast is now available.
STR releases preliminary August 2016 data for Dubai
Based on daily data from August, Dubai reported the following in year-over-year comparisons: increases in supply (+5.5%) and demand (+9.2%); a 3.4% increase in occupancy to 76.1%; a 10.2% decrease in average ... The August edition of STR's Market Forecast is now available.
STR releases preliminary May 2016 data for Abu Dhabi
Based on daily data from May, Abu Dhabi reported the following in year-over-year comparisons: increases in supply (+4.0%) and demand (+5.3%); a 1.3% increase in occupancy to 74.4%; a 4.1% decrease in average ... The May edition of STR's Market Forecast is now available.
STR releases preliminary April 2016 data for Dubai
Based on daily data from April, Dubai reported the following in year-over-year comparisons: increases in supply (+6.1%) and demand (+5.2%); a 0.9% decrease in occupancy to 79.7%; a 15.4% decrease in average ... The May edition of STR's Market Forecast will be available at the end of the month.
Firas Aboughalioun has been appointed as Director of Revenue at Kempinski Hotel Ajman
In his new role, Firas will maximise the overall room revenue through development and implementation of effective inventory and pricing strategies, which are based on future demand forecasts, current trends
Middle-East Hotels Face Supply Glut According to PwC’s Middle East Hotel Forecast Report
There are six cities in this new Middle East econometric forecast - Abu Dhabi, Doha, Dubai, Jeddah, Muscat and Riyadh. ... Travel is forecast to grow strongly over the next 10 years and the region will see robust demand for accommodation, according to a recent report from Oxford Economics and Amadeus.
Hotel Oversupply Post Expo 2020 in Dubai? wsj.com
To meet the government forecasts and cater for the current buoyant demand, developers are looking to build many more hotels in the emirate.
Jones Lang LaSalle Reveals “2014 Top Trends for UAE Real Estate”
The plans are more measured and there is an increased focus on phasing projects over many years in line with end user demand. ... The current two-tier market is likely to continue, with the best buildings experiencing increased take up and little demand for secondary space.
The First Middle East Investment Forum To Be Held Ahead Of Arabian Hotel Investment Conference (AHIC 2013)
According to Gabriel Matar, Head of hotels and hospitality Middle East and Africa at Jones Lang Lasalle, "hotel demand has recovered impressively in the Middle East since the Arab Spring, led by hotels ... Despite the economic challenges in Europe, hotel investment volumes in EMEA in 2013 are anticipated to hold up and are forecasted at roughly $11 billion.
Global Hospitality Leaders Say The Impact Of The Changing World Economy On The Hotels Industry Is Positive
The Gross Domestic Product (GDP) per capita in China is forecast to more than double between 2010 and 2015, providing the population with greater disposable income to spend on hospitality. ... He adds: "Factors like infrastructure development, domestic travel and financial stability throughout the region are driving demand for more quality lodging in currently under-served segments.
Dubai’s stabilised supply helps boost RevPAR | STR Global Reports
However, demand growth in terms of total rooms occupied and new hotel supply were unequally spread between all six segments tracked. ... "In addition, modern infrastructure, new hotel inventory and delayed openings have allowed the market to balance supply and demand.