According to data from STR Global, hotels in Dubai posted the largest average daily rate (ADR) decrease in the Middle East in October, Emirates Business has reported. ADR fell 8.3% to $175.62 (Dhs644), while the next largest decrease, a drop of 6.8% to $200.50, was in Abu Dhabi. The main reason for the price drop was due to an increase in the supply of hotel rooms, the data showed.
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.