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    Hotel Industry Begins To Revive After Hitting Low
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    With a fall of 6.9 per cent, September showed the lowest monthly RevPAR decline for the region since December 2008, said Elizabeth Randall, managing director of STR Global. "However, whilst we have seen declines in RevPAR stabilise in recent months, the earlier start of Ramadan in mid-August this year benefited this month's results as business was stronger than in September 2008. RevPAR benefited from the first increase in average room rate since March 2009" Randall said. In the Middle East region specifically, Randall said it was good to see more cities such as Amman, Beirut, Cairo, Istanbul and Jeddah all reporting monthly RevPAR increases growing on last year. Full Article at Zawya.com
    However, whilst we have seen declines in RevPAR stabilise in recent months, the earlier start of Ramadan in mid-August this year benefited this month's results as business was stronger than in September 2008. RevPAR benefited from the first increase in average room rate since March 2009
    SOURCE: Zawya.com 1 month ago
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Hotel Industry Begins To Revive After Hitting Low
  1. We have already witnessed a good rebound in October when compared to September numbers. Again, the situation is not that bad and we think that the market is slightly picking up. Dubai and the UAE as a whole have a good hotel infrastructure, good fundamentals to attract business and leisure travellers he...
    SOURCE: Zawya.com 1 month ago

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