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FINANCIAL NEWS
Mideast hotels record drop by 53 percent in Feb
26 Mar 2016
(MENAFN) Hotels in the Middle East logged a decline of 53 percent in occupancy to 70.2 percent, compared with Feb 2015.
Moreover, average daily rate for the cited month fell down 10.5 percent to USD 182.45mn, revenue per available room fell 15.2 percent to USD 128.12.
Additionally, Dubai viewed a decrease in occupancy to 82.5 percent as well as double digits falls in ADR (-11.6 percent to USD 226.94mn).
The country’s hotel performance has fluctuated because of increase at 4.7 percent for whole-year 2015 and 6.8 percent for year 2016.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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