middle east hotel industry
STR: Middle East Hotel RevPAR Recovery Highest Among Global Regions
STR | January 26, 2022
LONDON — January 26, 2022 — The Middle East hotel industry reported revenue per available room (RevPAR) that was 85.6% of the pre-pandemic comparable, the highest among the global regions, according to year-end 2021 data from STR. “Year-end data displays the significant variance in recovery by region, stemming from different levels of pandemic restrictions around the world,” said Robin Rossmann, managing director at STR. “The Middle East has been a leader in both opening to international arrivals as well as hosting large events, such as Expo 2020, which has driven hotel performance in Dubai. On the other side of the spec...
Middle East’s Ramadan Hotel Occupancy Approached 2019 Level
STR | May 24, 2021
LONDON—The Middle East reported Ramadan hotel occupancy levels that were improved from last year and only slightly below the 2019 comparable, according to the latest data from STR. “Muslims worldwide have marked Ramadan in decidedly different ways over the last two years, but for the Middle East, there is a sense of some normalcy as vaccinations expand and domestic restrictions are lifted,” said Philip Wooller, STR’s area director for Middle East & Africa. “Key markets in the region have been outperforming their global peers, and near-normal occupancy levels for the holy month are another good indicator for the industry movi...
