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FINANCIAL NEWS
Hotel occupancy rates on the rise
04 Aug 2013
(MENAFN) A survey for HotStats shows that hotel occupancy in Jeddah increased by 13.4 percent during the six months period ending June 30 versus the same period of last year, Saudi Gazette reported.
The survey said that, for the first half, occupancy rate climbed to reach 68.4 percent, up by 1.3 percent from the same period last year.
In Jeddah, rooms occupied were at 85.4 percent in the month of June, and Dubai hotel rooms were 86.0 percent occupied.
�Saudi Arabia�s two main hotel markets recorded opposite trends in the first half of the year with Riyadh experiencing a reduction in average rate and profits while Jeddah continues to strengthen,” said the managing director of TRI Hospitality Consulting in Dubai, Peter Goddard.
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