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FINANCIAL NEWS
Mekkah, Madina hotels record surge in occupancy in Aug
17 Oct 2011
(MENAFN) Ernst and Young, the global consulting firm, said that hotels in Mekkah and Madina recorded a notable surge in occupancy and RevPAR (revenue per available room) in August compared with 2010’s same period, reported Gulf News.
The firm added that revenue levels for Mekkah hotels in August surged 55.3 percent reaching USD722 whereas occupancy rate grew 10 percent, raising occupancy levels to 91 percent.
On the other hand, it said that revenue levels for hotels in Madina hiked 52.3 percent to USD353 compared with a year ago, while occupancy rate rose 4 percent, increasing occupancy levels to 79 percent.
It is worth noting that according to the World Trade Organization (WTO), emerging economies will be expected to receive more international tourists than the advanced economies by 2015.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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