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FINANCIAL NEWS
Hotels in MENA record 8% increase in prices
06 Apr 2013
(MENAFN) According to HotelsCombined’s latest Hotel Price Trends Report, hotel prices in the Middle East and North Africa (MENA) region rose by 8 percent in December, January and February 2012/13, from the same period in 2011/12, reported Arabian Business.
The region ranked as the world’s top in terms of price increases, due to the ongoing investments and the added attractions that draw both leisure and business travelers.
In terms of cities, Alanya and Marmaris in Turkey and Sousse in Tunisia posted the highest rises in the 3-month period.
Meanwhile, globally, hotel prices grew by 4 percent, with Bintan in Indonesia and Vilamoura in Portugal experiencing the highest increases.
It is worth noting that the steepest declines in hotel prices in the period were registered in Spain’s Menorca, Belarus’ Minsk, Ukraine’s Kiev, Lebanon’s Beirut and Italy’s Rimini.
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12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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