Ras Al Khaimah Tourism Development Authority announced its consolidated results for the full year of 2018.
H.E. Abdullah bin Mohammed Balheif Al Nuaimi, minister of infrastructure development, UAE, pinpointed that the growth of the maritime tourism sector in recent years reflects the UAE’s position as one of the most developed countries in the world based on the seaports index.
Although hotels in Sharm El Sheikh achieved a 57 percent year-on-year boost in total revenue in February, profit per room remained in negative territory, with a loss of USD1.33.
Hotstats has released its latest report, MENA Chain Hotels Market Review February 2017, revealing mixed results across the region, with effective cost cutting in Abu Dhabi, falling revenue in Doha and signs of recovery in Sharm El Sheikh.