WITH DUBAI DEPARTMENT OF TOURISM AND COMMERCE MARKETING (DTCM) FOCUSING ON INCREASING THE NUMBER OF REPEAT VISITS AS ONE OF ITS THREE MAIN PILLARS OF VISION 2030, MARK DEERE, GENERAL MANAGER, AMWAJ ROTANA EXPLAINS HOW THE RESORT CONTRIBUTES TO THE AUTHORITY’S EFFORTS TO ENCOURAGE TOURISTS TO COME BACK.
According to STR, hotels in Dubai reported negative year-on-year performance in July, consistent with the shift in Ramadan dates which meant Eid Al-Fitr fell in June, compared to 2016 when the busy holiday period was in July.
According to STR’s preliminary data for March, hotels in Dubai experienced a challenging month with RevPAR declining 11 percent year-on-year to AED652.61 (USD177.68), driven down by the continued growth in supply.
Following on the 24 percent plummet in profit per room in 2016, hotels in Riyadh also suffered a 16.2 percent year-on-year drop in profit during January.
The International Monetary Fund’s USD12 billion credit facility could pave the way for Egypt’s future economic growth, particularly in real estate,
TravelClick’s North American Distribution Review revealed a 3.8 percent year-on-year increase in RevPAR for the second quarter (Q2) of the year.
IN THE FIRST SIX MONTHS OF THE YEAR (H1), 1.4 MILLION TRAVELLERS ENTERED QATAR, SIX PERCENT LESS THAN IN THE EQUIVALENT PERIOD IN 2015, DUE TO THE TIMING OF RAMADAN. The six-month period saw a year-on-year decrease of 15 percent
Wyndham Worldwide announced that its second quarter (Q2) revenue increased one percent. The group reported a Q2 net income of USD156 million, compared to USD159 in the same period in 2015. Depreciation, higher interest expenses and an elevated tax
Hotels in the Middle East witnessed a weaker performance in the second quarter of the year (Q2), as compared to the same timeframe in 2015, according to STR's report. In terms of the three key performance indicators, the region recorded a 62.9
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 in May and as a result year-on-year profit per room dropped 6.9 percent.