Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Abu Dhabi hotel occupancy may slow down in Ramadan  Join our daily free Newsletter

MENAFN - Khaleej Times - 01/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) January-may recorded 22% yearly jump to 4.

the number of hotel guests checking into abu dhabi’s 155 hotels and hotel apartments reached a five- month high from january to may end this year attracted by new projects. — supplied photoAfter record occupancy levels in the first five months of the year hotels in abu dhabi are expecting a bit lower occupancy in holy month of ramadan. the number of hotel guests checking into abu dhabi’s 155 hotels and hotel apartments reached a five-month high from january to may this year with occupancy touching 78 per cent — an eight per cent lift on the same period in 2013.James wilson general manager of millenium hotel abu dhabi said that with the rise in competition and holy month of ramadan falling in july when people go on annual vocations mean occupancy levels will be little down by two per cent year-on-year. however the drop will be compensated with the eid-al-fitr.He was confident that the holy month will bring more dinning business and bumper revenues for restaurants as usual.Figures released by abu dhabi tourism & culture authority (tca abu dhabi) show that in the first five months of this year 1.43 million guests stayed in the hotels a 30 per cent year-on-year increase.the january-may guest tally translated into 4.37 million guest nights up 22 per cent year-on-year. hotel revenues rose 14 per cent to dh2.675 billion with food & beverage income climbing 12 per cent to just over dh1 billion. “overall the performance makes for good reading though there are two areas of concern – the average-length-of-stay and the average room rate both of which have dipped on 2013” explained jasem al darmaki deputy director general tca abu dhabi.“there is increased and enhanced product now coming into the market to give people more compelling reasons both to visit and to stay longer” explained darmaki. “and the average room rate now represents exceptional consumer value.”The jan-may period have seen 30 per cent growth in domestic guests coming into abu dhabi. internationally india is now the top performing market for the emirate. from january-may 89761 indians checked into abu dhabi hotels which was up 38 per cent year-on-year. the uk is the second most productive market with a 28 per cent year-on-year rise. in percentage terms china which is now the emirate’s fourth most productive overseas source market delivered the biggest increases. some 52392 chinese stayed in abu dhabi from january-may which was a jump of 204 per cent.“we are poised to achieve our 2014 guest arrivals target of 3.2 million and anticipate increased business from australia and italy with etihad airways’ planned launch this july of new routes from perth and rome” added al darmaki.

 


Khaleej Times




  MENA News Headlines
 Dec 26 2014 - Russia hopes to host Syria talks in JanuaryThe Peninsula
(MENAFN - The Peninsula)  -Russia plans to host delegations from the Syrian opposition in late January, possibly followed by a visit by regime representatives that could bring the two sides together ...

 Dec 26 2014 - Lebanon's Hezbollah detains 'Israeli spy' in its ranksThe Peninsula
(MENAFN - The Peninsula)  Lebanon's Hezbollah has detained a senior party official it accused of spying for Israel and "sabotaging security operations" abroad, a source close to the movement said on ...

 Dec 26 2014 - Syrian rebel groups in Aleppo enter allianceThe Peninsula
(MENAFN - The Peninsula)  Rebel groups fighting in Syria's northern Aleppo province have agreed to form an alliance, a group monitoring the country's civil war said on Thursday.A lack of unity among ...

 Dec 26 2014 - Israel approves 243 new settler homes in East JerusalemThe Peninsula
(MENAFN - The Peninsula)  Israel has given preliminary approval for the construction of 243 new homes on West Bank land that Israel annexed to Jerusalem, and advanced plans for another 270 homes in ...

 Dec 26 2014 - Iraq, Turkey pledge to join hands to fight ISIS jihadistsThe Peninsula
(MENAFN - The Peninsula)  Iraq and Turkey on Thursday pledged to join forces to fight Islamic State insurgents who are holding swathes of Iraq and Syria."ISIS threatens not only Iraq's and Turkey's ...

 Dec 26 2014 - Tunisia arrests blogger for 'defaming' army officers: lawyerThe Peninsula
(MENAFN - The Peninsula)  Tunisian authorities have arrested a blogger who has been critical of the party of newly elected president Beji Caid Essebsi, as he returned home from France, his lawyer ...

 Dec 26 2014 - Qatar- Zakat Fund got 575 applications in November for aidThe Peninsula
(MENAFN - The Peninsula)  The Zakat Fund at the Ministry of Awqaf and Islamic Affairs received 575 applications for social assistance in the month of November.Zakat Fund, a charity dedicated to ...

 Dec 26 2014 - Kuwait commissions new gas processing plantThe Peninsula
(MENAFN - The Peninsula)  Kuwait has commissioned a new natural gas plant that will raise the energy-rich state's production capacity to more than 2 billion cubic feet a day, officials said on ...

 Dec 26 2014 - Egyptian pound steady on official and unofficial marketsThe Peninsula
(MENAFN - The Peninsula)  The Egyptian pound held steady at a central bank dollar sale on Thursday and on the black market.The bank offered $40 million and said it had sold $38.2 million at a cut-off ...

 Dec 26 2014 - Saudi lifts spending in 2015 budgetThe Peninsula
(MENAFN - The Peninsula)   Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with its huge fiscal reserves, the government said, providing the first ...

more...


 






Google

 
 

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