Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Jeddah, Dubai hotels top ME performance: STR report  Join our daily free Newsletter

MENAFN - 27/01/2013

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) A recent report by STR Global found that Dubai and Jeddah hotels have posted the best results in the Middle East last year, Arabian Business reported.

The report said both Gulf cities recorded healthy full-year increases in room rates and revenues for 2012.

The report said that Jeddah hotels recorded a 9 percent increase in average daily rates (ADR) last year to more than USD221 while Dubai's ADR increased 7.9 percent to nearly USD235.

Jeddah hotels also reported almost 20 percent increase in revenue per available room (RevPAR) to USD176 while Dubai saw RevPAR growth of 11.4 percent to more than USD181.

UAE hotel occupancy rates grew by 2 percent to 72.5 percent while ADR rose 4.3 percent and RevPAR increased 6.4 percent.

In Saudi Arabia, hotel occupancy rates rose to 62.1 percent, up 7.3 percent on 2011, while ADR rose 3.5 percent and RevPAR grew by 11.1 percent.

 






  MENA News Headlines


 






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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help