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.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
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