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FINANCIAL NEWS
Middle East hotel sector maintains solid in Q2
25 Jul 2017
(MENAFN) STR data showed that the hotel industry in the Middle East hit almost flat outcome during the April-June time of the year, while hotels in Africa marked an expansion.
Moreover, STR reported occupancy levels in the regions declined by 0.1% to reach 62.4%.
Furthermore, in Oman, occupancy rates have hit 49.6% in the cited months, underlining an increase by 10.1% year-on-year.
Egypt’s occupancy levels underlined significant growth compared to other area, increasing by 13.9%.
MENAFN2507201700450000ID1095655047
MENAFN2507201700450000ID1095655047
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