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RevPARs down overall across ME
Jason G. Wulterkens (July 29th, 2009) Writes:
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%).
Tags for this Post:
Abu Dhabi, Beirut;, Deloitte & Touche Middle East, Dubai, Frontier Markets, Frontier Markets, jason g wulterkens, Jeddah, Market Commentary, Middle East, Muscat;, STR Global
Abu Dhabi, Beirut;, Deloitte & Touche Middle East, Dubai, Frontier Markets, Frontier Markets, jason g wulterkens, Jeddah, Market Commentary, Middle East, Muscat;, STR Global
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