RevPARs down overall across ME
Source: http://feedproxy.google.com/~r/FrontierMarkets/~3/KU4oFlzYN3U/Posted on Wednesday, July 29th, 2009 | In Frontier Markets, Market Commentary
Contributed by: Jason G. Wulterkens (http://frontiermarkets.wordpress.com) -
Per hospitality research firm STR Global and Deloitte & Touche Middle East, Middle East hotels in 22 cities in the region during the first half of 2009 witnessed an average 10.9% decrease in occupancies and a 17.2% drop in revenue per available room (RevPAR), an industry benchmark. Among the worst RevPAR performers were Dubai (down 35%) and Muscat (16.6%), while other cities outperformed tremendously, including Abu Dhabi (3.2% increase), Jeddah (11.5%) and Beirut (125.2%).
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 About Jason G. Wulterkens (http://frontiermarkets.wordpress.com)
Jason G. Wulterkens is a licensed attorney in the United States, who also has a degree in economics and a certificate in alternative dispute resolution (ADR). Anything and everything about the so-called “frontier” markets, including but not limited to their geopolitics and financial markets. Jason can be contacted at jgerritwulterkens@gmail.com. |
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