Economy minister discusses economic cooperation with German minister    Saudi Crown Prince congratulates new Japanese PM Sanae Takaichi    At UNCTAD, Saudi Arabia affirms commitment to sustainable economic transformation    Saudi justice minister, Italian counterpart agree to enhance judicial cooperation    TGA: Autonomous vehicle service beneficiaries surpass 950 in Riyadh    103 million orders delivered in Saudi Arabia in 3Q 2025    Yapı Merkezi reaffirms its commitment to Saudi Arabia with the opening of its regional headquarters in Riyadh A new step in Turkish Saudi cooperation    OMODA 4 Media Preview: Shaping the future of mobility with media and users    Belgian resistance holds up €140 billion loan for Ukraine at EU summit    Trump says he's ending trade negotiations with Canada    EU, US impose new sanctions on Russia to force ceasefire in Ukraine    Egypt joins EU funding program Horizon Europe    Riyadh Season 2025 draws 1 million visitors in 13 days    Athar Festival 2025 opens in Riyadh with record attendance, new creative streams, and Saudi-first innovations    Qatar clinch 2026 World Cup berth with 2-1 win over UAE in Doha    'India's Picasso' is breaking auction records — enraging the Hindu right    D'Angelo, Grammy Awardwinning R&B singer, dead at 51    Splash unveils new winter collection featuring Maya Diab    India players refused handshakes, says Pakistan coach    Adolescence star Owen Cooper makes Emmys history at 15    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Makkah, Madina hotels book highest occupancy in region
Published in The Saudi Gazette on 18 - 10 - 2011

Compared with the other major cities in the Gulf region which booked a slump, Makkah and Madina recorded the highest increases in occupancy and RevPAR (revenue per available room) against the same period in 2010, Ernst and Young global consulting firm said in its "Middle East Hotel Benchmark Survey" for August.
The report said revenue levels for Makkah and Madina hotels shot up 55.3 percent to $722 and 52.3 percent to $353 respectively over August 2010.
The occupancy rate increased 10 percent in Makkah and four percent in Madina, which brought occupancy levels to 91 percent and 79 percent in the two cities respectively.
Elsewhere, UAE hotels suffered a drop in occupancy and revenue owing to slow summer tourism coinciding with Ramadan, the report noted.
Occupancies and revenues for Dubai hotels were down 3.9 percent to 52.6 percent and six percent to AED284 respectively in August, compared to the same period a year earlier.
Abu Dhabi hotels experienced a 17.5 percent fall in RevPAR to AED287 as occupancies fell seven percent to 54 percent.
However, the year-to-date performance of Dubai hotels saw a 7.1 percent increase in revenue (to AED621) over the corresponding period of January to August 2010, with occupancy levels touching 78 percent, the report said.
Hotels in Cairo recorded revenue drops of 66.2 percent – the highest in the Middle East – in August, while occupancies were a mere 17 percent compared to 48 percent in the same month a year earlier, a 31 percent decline, the report said, due to political restiveness in the country.
In the year-to-date performance, Bahraini hotels suffered the maximum hit, registering a 60 percent drop in revenue in January to August 2011 compared to the same period a year ago.
Nonetheless, a report by the UN's World Tourism Organization (WTO) said the Middle East is set to see an approximate 145 percent rise in tourist numbers by 2030. The WTO numbers also show that the region's global market share is set to grow from six percent in 2010 to eight per cent by 2030.
By 2015, emerging economies are expected to receive more international tourist arrivals than the advanced economies, according to the WTO, with their share predicted to reach 58 percent by 2030.


Clic here to read the story from its source.