The absolute occupancy level was the highest for any April in STRs Abu Dhabi database. STR analysts note that performance levels were pushed by events such as Culture Summit Abu Dhabi (7-11 April) and the Retail Abu Dhabi Spring Sales (15 April through 1 May).
The Middle East reported a 9.3% year-over-year increase in hotel rooms in construction as of April, while African hotel rooms in construction decreased 7.1%.
Accor and Marriott International maintain the top room counts among parent companies operating in in the Middle East, according to STR. As part of the STR 500, the company will release the top 50 companies and brands in the Middle East during this weeks Arabian Hotel Investment Conference (AHIC) in Ras Al Khaimah.
HVS Dubai is pleased to release its first issue of the Hotel Valuation Index (HVI) for select markets in the Middle East (ME).