Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Abu Dhabi hotels gear' up for sizzling summer  Join our daily free Newsletter

MENAFN - Khaleej Times - 03/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) After having a fabulous growth in april abu dhabi?s hotel industry is heading to an off season which is likely to cause a little dip in occupancy and revenues.

abu dhabi’s 153 hotels and hotel apartments continued to reflect the economic revival with the increase in tourist traffic with figures released by abu dhabi tourism & culture authority showing some 304637 people checked into hotels during april a 29 per cent rise on the same month last year. guest nights rose 26 per cent occupancy levels grew 10 per cent to 79 per cent and revenues were up 23 per cent in the april.

but the industry will be facing tough challenges ahead with thearrival of summer season and ramadan. speaking to khaleej timesriaz jeelani general manager of abu dhabi’s centro al manhal hotel said: “the summer season has always been the toughest month for hotels. however with every summer season we are noticing a good increase in the figures which is a relief for us. we ensure that every summer we offer the guest extremely attractive deals and offers which help us a lot in maintaining the good business.”

the main challenge that the hotel industry faces during this off season period was the average room rate which decreases by almost 10-15 per cent from the rest of year he said.the business starts to pick up again by mid to end of august and this year since ramadan is starting by the end of june the industry expects the pick up to be just after ramadan finishes.

he forecasted that the dip in revenues which will vary between four to six per cent will put the industry in the comfort zone as “we are certain that the starting from september and till december the season will be extremely busy and we will with no doubt balance the numbers again for us.”

the enormous work and the great initiatives that are being organised by tca specifically for the summer period are having a direct effect on the occupancy levels of hotels in the capital. in 2013 the average occupancy level in abu dhabi reached 50 per cent and “we believe that this year there will be an increase due to their continuous work and we hope to cross the 60 per cent mark.”

jasem al darmaki deputy director general tca abu dhabi said: “we are working on initiatives to encourage more products into the market and to step up the international trade and consumer awareness of the destination and its breadth of offering.”

during april the uk was the best performing overseas market showing a growth of 34 per cent. “april was a month when we benefitted greatly from the seventh season playoffs of the ipl tournament with many of the games being held in abu dhabi and attracting significant audiences from the domestic and indian markets” explained al darmaki.

— haseeb?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jul 24 2016 - Dubai real estate market posts USD15.5bnMENAFN
(MENAFN) Arab and foreign investors poured USD15.51bn into Dubai's real estate market in the first half of this year.Moreover, the majority of them were from GCC States, which invested in the Dubai ...

 Jul 24 2016 - Aluminum Bahrain net income declines in Q2MENAFN
(MENAFN) Aluminum Bahrain (Alba) posted a 45.4 percent drop in second-quarter net profit, which reached USD43.2mn, compared with a USD78.45mn in an earlier period.However, the firm reported weak ...

 Jul 24 2016 - IMF grants USD3.5bn credit line to MoroccoMENAFN
(MENAFN) The Intl' Monetary Fund (IMF) granted Morocco a two-year USD3.5bn credit line for structural reforms to boost economic growth.Moreover, the Precautionary Liquidity Line (PLL) is meant for ...

 Jul 24 2016 - NAT allocates rail work for Metro Line 3 in EgyptMENAFN
(MENAFN) The National Authority for Tunnels (NAT) assigned application of the rail work for Metro Line 3 to the ETF-ORC-TSO association.Additionally, the financial offer made by the ETF-ORC-TSO ...

 Jul 24 2016 - The number of High Definition channels is on the rise in the MENA regionMENAFN Press
(MENAFN Press) By May 2016, the satellites covering the Arab World carried 212 HD channels up from 195 HD channels by March 2015. A new report from Arab Advisors Group overviews the High ...

 Jul 24 2016 - Dow and DuPont Stockholders Approve MergerMENAFN Press
(MENAFN Press) United Arab Emirates, July 21, 2016— DuPont (NYSE:DD) and The Dow Chemical Company (NYSE:DOW) announced that, at their respective special meetings of stockholders held on July ...

 Jul 24 2016 - UAE Date Palm Tree Owners to Receive Cash for Palm WasteMENAFN Press
(MENAFN Press) Talah Board announces an exciting offer for agricultural businesses at the Liwa Date Festival Dubai, UAE, July 23, 2016: Talah Board today announced an exciting offer for ...

 Jul 24 2016 - Level Kids gets ready for Back to SchoolMENAFN Press
(MENAFN Press) Dubai, UAE, July 23, 2016: Level Kids is getting ready for a fresh new beginning to the academic year with its ‘Beat Back to School"; campaign starting from August 15th. It";s ...

 Jul 24 2016 - Stradivarius Flower Dresses LooksMENAFN Press
(MENAFN Press) A PERFECT MATCH Floral dresses have always been a must during the summer, and are a key piece for this season´s perfect wardrobe. The best way to combine them this year ...

 Jul 24 2016 - Arab Bank Group announces a net Profit of USD 424.9 millionin the first half of 2016MENAFN Press
(MENAFN Press) Dubai, UAE, July 24, 2016:Arab Bank Group delivered solid financial results for the period ending June 2016, recording net profit after taxes and provisions of USD 424.9 million ...

more...


 





Google

Easy Forex

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help