Profit per room at hotels in Sharm El Sheikh was recorded at just USD0.50 in April, a 97.9 percent decline from the same period in 2015, with year-to date GOPPAR at minus USD2.85, a 116.7 percent slide on 2015 performance of USD17.04.
The 30.3 percent profit drop at properties in Beirut in April is further to a 38.7 percent decline in March, which paints a grim picture for the Lebanese capital. While average room rates (ARR) increased 16.5 percent year-on-year to USD106.76 in
In the first quarter (Q1) of the year, The Rezidor Hotel Group’s worldwide properties experienced a RevPAR growth of one percent year-on-year, driven mainly by an increase in average room rate, which was partly offset by lower occupancy levels.
In 2015, Starwood Hotels & Resorts Worldwide signed 220 hotel management and franchise contracts representing approximately 45,800 rooms. In addition to this during the year under review,
Ras Al Khaimah witnessed a 12.4 percent rise in tourism receipts in 2015, driven by a six percent year-on-year increase in arrivals to 740,383. Consequently, Ras Al Khaimah Tourism Development Authority
The year 2015 was outstanding for Marriott International with a record number of hotel owners selecting it to manage or
In 2015, Ramada Hotel & Suites Ajman achieved an average occupancy of 92 percent, surpassing its 2014 performance by three percent.
Despite increasing economic activity in the city, Doha's hotels saw demand levels fall in October 2015,
Based on STR Global's report, average daily rate (ADR) plummeted 12.3 percent to USD200.66, while RevPAR was down 16.3 percent to USD135.24.