RIYADH: Hotel pipeline activity in the Middle East and Africa bucked a global trend by seeing an uptick at the end of 2022, according to data released by analytics company STR. The figures show that in December, 238,635 hotel rooms were under contract in the region, a 1.1 percent rise on same month in 2021. That increase was in contrast to other all other regions, with Europe
RIYADH: Riyadh’s hotel industry continues to register improved performance, with the occupancy and room tariffs in October hitting their highest levels for any month since March 2022, according to global hospitality data provider STR. The Saudi capital saw the occupancy level of city hotels reaching 72.3 percent last month, allowing hotel operators to quote higher average
RIYADH: Qatar’s hospitality market could grow by 89 percent to over 56,000 hotel keys by 2025. The planned hotel room supply delivery is expected to cost around SR26.3 billion ($7 billion), according to global real estate consultant Knight Frank. That is not all. Tourism is expected to contribute 12 percent of Qatar’s global domestic product, or $55 billion, and the country
Qatar could see its hospitality market grow by 89% to over 56,000 hotel keys by 2025, according to research carried out by global property consultancy firm, Knight Frank, with the.
Qatar could see its hospitality market grow by 89% to over 56,000 hotel keys by 2025, with the delivery of the planned hotel room supply forecast to cost about $7 billion, said global property consultancy Knight Frank in a new report.