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DUBAI PROPERTY MELTDOWN Hotel Sector Sees Knock-On Effect

Category: Hotels, Posted:05 Feb 2010 | 06:00 am

Dubai's fortunes have taken a decided turn for the worse as the hotel sector is reportedly attributing the crash and burn of the real estate market to have a profound effect on hospitality trading levels. Back of December 2009 figures released by STR Global the market suffered a whopping year on year slump in RevPAR of 31.4% over 2008.
During the boom years property buyers, consultants, developers, lawyers, and financial institutions were a significant segment for the hotels, but that has all come to an abrupt fall. Hotels are now looking to create a healthier market mix but while global long haul remains challenging, they are now competing with a much larger playing field.
It's interesting to note that the one Middle East market defying the trend is long suffering Beirut, which according to STR Global saw December RevPAR increase by 62.1% and occupancy up by 27.5% over the previous year.

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

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