06 Aug 2013
(MENAFN) Omani hotels showed progress during last May in terms of occupancy, average room rate and yield, Times of Oman reported.
Muscat hotels’ occupancy rate increased by 60 percent in May up from 54 percent for the same period last year, according to a Middle East Hotel Benchmark Survey. In addition, the average room rate and room yield rose by 1.7 percent and 12.3 percent respectively.
MENA Head of Transaction Real Estate at Ernst & Young, Yousef Wahbah, said: “May is the start of the summer season in the region when the hospitality market peak season is coming to an end and the region begins to witness the seasonal slowdown. While these seasonal factors, including increased temperatures and the holy month of Ramadan, affect the majority of MENA countries, political and socioeconomic conditions are additionally impacting other countries throughout the region.”
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
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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