Steady Performance By Mideast Hotels
Hotels in the Middle East continue to perform better than hotels in other parts of the world, although there is a fall in revenue per available room (RevPar) and occupancy rates. Among Arab cities, Abu Dhabi has the highest RevPar, occupancy and average room rates.
Deloitte advisory firm reported that a nine percent decrease in occupancy levels caused RevPar in Middle East hotels to fall 12.9% to $142. Global managing partner of tourism, hospitality, and leisure at Deloitte said “The weakening economy here and across the major source markets is now hurting hoteliers. However, hotels in Beirut, Makkah, Jeddah and Abu Dhabi had healthy growth rates.
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