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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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C9 Hotelworks Releases New Phuket Hotel Market Update Report

Category: Hotels|Tourism, Posted:16 Mar 2023 | 00:29 am According to C9 Hotelworks new Phuket Hotel Market Update 2023, the resort island’s tourism recovery has accelerated over the past six months. With the removal of Thailand’s pandemic travel restrictions in 2022, airlift quickly ramped up as India and Malaysia were key early source markets. Over the current winter season aside from the return of […]
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Destination Ink Radisson For Patong Hotel

Category: Hotels, Posted:12 Mar 2023 | 23:16 pm Phuket’s hotel brand conversion trend is continuing, with the latest move having Radisson sign a deal for a 390-room hotel in Patong. Owned by the Destination Group, the property will be branded as a Radisson. This is the fourth recent conversion by Destination with one more Radisson and two Holiday Inns by IHG. Expect more […]
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Hilton Phuket Arcadia Reflagged To ACCOR’s Pullman Brand

Category: Hotels, Posted:03 Mar 2023 | 07:35 am One of Phuket’s largest hotels, the 662-room Hilton Phuket Arcadia Resort has been reflagged under ACCOR’s Pullman brand. The hotel, which will be named Pullman Phuket Arcadia Karon Beach Resort will operate as a Pullman effectively in April of this year, and a staggered 24-month refurbishment program undertaken. With this addition, there will be three […]
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