30 Jan 2012
(MENAFN) STR Global, in its December study, said that Dubai has more than 13,300 hotel rooms in the construction pipeline, Arabian Business reported.
The figure is larger than the total of the next four largest markets for hotel construction in MENA region, Abu Dhabi, Riyadh, Cairo and Amman.
Data from the study showed that Abu Dhabi has 5,298 rooms, Riyadh has 2,687 rooms, Cairo has 1,977 rooms and Amman with 1,507 rooms.
Overall, the region’s development pipeline comprised 496 hotels totalling 133,438 rooms last month, STR Global said.
The study of hotels in six regional cities showed that Dubai saw occupancy increase to 87.3 percent.
Ernst & Young said earlier this month said that Dubai hotels have been able to sustain revenues last year despite the large stock of new rooms added to the market.
STR also said that Dubai was the only tourist destination in the region that has shown a rise in both occupancy and revenue per available room with a limited decline in room rates.
TRI Hospitality Consulting said in December said that occupancy levels at hotels in Dubai touched 2007 levels in October.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more