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London transformation: Jumeirah s Carlton Tower reopens after £100m makeover

Owner of St Regis Saadiyat Island sold in Dh1 7bn deal

Middle East hotels occupancy rates in Ramadan close to 2019 levels

“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,” Philip Wooller, STR’s area director for the Middle East & Africa, said. “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 moving forward.” Movement restrictions imposed to curb the spread of the coronavirus drove down average occupancy rates in hotels across the world last year. However, a wider rollout of vaccines have helped to resume travel and improve the outlook for the hospitality industry.

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