Abu Dhabi hotels suffered the largest declines in in three key performance categories in the Middle East in May, according to the latest figures from STR Global. Compared to May 2009, occupancy rates dropped 24.8% to 55.2% while the average daily rate (ADR) dropped 37% to $188.86; and revenue per available room (revPAR) decreased 52.6% to $104.17.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.