According to a report by MKG Hospitality, hotel rates in the UAE fell by 15.5% at the end of last year, UK-based newspaper The Independent has reported. Dubai led the decline where revenue per room available dropped by as much as 27.5%. Abu Dhabi, however, has seen hotel income fall by only 4%, as it was boosted by its proactive approach to hotel development, the report said.
You might also like...
Frontrunners emerge for Aramco gas plant expansion
28 March 2024
Spanish firm wins $102m Saudi water design deal
28 March 2024
Riyadh maintains Vision 2030 focus
28 March 2024
Region must rethink talent acquisition
28 March 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.