Riyadh, Jeddah, Madinah hotel occupancy rises

January 22, 2013

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Jeddah, Jan 22: Hotels in Saudi Arabia experienced noticeable increases in occupancy rates, with Jeddah increasing by 7.0 percent year-to-date, and Madinah increasing 2.0 percent year-to-date, Ernst and Young Middle East said in its latest Hotel Benchmark Survey.

Compared to November 2011, Riyadh’s occupancy rate increased by 17.0 percent in November 2012. This is accredited to the various initiatives undertaken by the city to showcase lost artifacts and the introduction of new cultural experiences to the city.

The report provides a monthly performance overview of leading hotels in the Middle East.

With regard to the wider MENA region, the report saw notable changes in the city of Amman, where overall occupancy rates increased by 16.0 percent year-to-date. The increase may be attributed to the onset of milder climate conditions, in addition to increased political stability which attracts tourists from the neighboring Levant region. The year-to-date room yield in Amman is 31.7 percent higher than it was year-to-date in 2011, with the average room rate 3.1 percent higher than it was year-to-date in 2011.

Commenting on the survey, Yousef Wahbeh, MENA Head of Transaction Real Estate at Ernst & Young, said “the overall occupancy rate in Dubai was at 80 percent year-to-date, rising two per cent from same period of last year. In terms of the monthly performance, Dubai’s overall occupancy rate increased to 90.9 percent, marking a 3.7 percent increase from November 2011.

Additionally, room yield (RevPAR) increased by 10.8 percent year-to-date, with average room rate increasing by 7.5 percent year-to-date.”

Compared to November 2011, rooms yield (RevPAR) increased by 3.8 percent and average room rate marginally decreased by 0.4 percent in November 2012. The increase is attributed to the high number of forums and conferences from the banking & finance sector, securities sector and the oil & gas sector held in Dubai during the month of November. This represents Dubai’s increasing appeal as a business-friendly environment that continues to attract major investments and international projects in addition to the stable and increasing tourism sector within the city.

Bahrain also witnessed positive changes in its hospitality Key Performance Indicators, where the overall occupancy rates increased by 7.0 percent year-to-date. This change is due to several expositions taking place in the Kingdom during the month of November, including the Jewelry Arabia Exhibition, the Oil & Gas Trade Forum and many security talks which included regional heads of state. The year-to-date room yield in Bahrain has increased to 20.7 percent from the 2011, while the average room rate witnessed a mild 0.4 percent drop compared to the same time period last year.

There were no noticeable changes in Egypt, where cities such as Cairo, Sharm El-Sheikh and Hurgada remained stable in their overall occupancy rates, with Cairo’s occupancy rising 7.0 percent year-to-date, Sharm El Shaikh’s occupancy grew 12.0 percent year-to-date, and Hurghada’s occupancy rate grew 8.0 percent year-to-date. Sharm Al Shaikh also witnessed the highest year-to-date growth in Egypt in terms of Rooms Yield, of 16.3 percent compared to the same time period in 2011. In terms of monthly performance, Cairo’s occupancy rate improved 11 percent compared to November 2011, with Sharm El Shaikh increasing 6.0 percent and Hurghada 5.0 percent compared to November 2011.

The improving climate in the UAE and increased political stability in the region are setting up for a successful incline in hotel occupancy, the report added.

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News Network
March 21,2024

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Israeli military siege, hunger, and diseases will soon become the main killer in Gaza, says commissioner- general of the UN Relief and Works Agency (UNRWA).

Philippe Lazzarini, who heads the UNRWA for Palestine Refugees in the Near East, took to X on Wednesday to vent his concern for the growing hunger and spread of diseases as a result of the Israeli siege on the besieged strip.

He said starvation and illness may soon be the main killer in Gaza.

"This fabricated and catastrophic level of hunger can still be reversed by flooding Gaza with food and life-saving assistance," Lazzarini said.

"More than ever humanity requires political will,” the UNRWA chief added.

In a press release on March 19, UNRWA said that “famine is imminent in the Gaza Strip, especially for isolated populations in northern Gaza deprived of humanitarian aid.”

The statement noted that the Integrated Food Security Phase Classification (IPC), in a latest food security outlook, concluded that up to 1.1 million people in Gaza are facing catastrophic levels of food insecurity.

“Nutrition screenings conducted in February by UNICEF and UNRWA show that rates of acute malnutrition among children in northern Gaza and Rafah have nearly doubled since January,” it said.

The Israeli regime has accused UNRWA staff of being involved in the October 7 attack by the Palestinian resistance movement Hamas against the occupied territories, prompting a number of its western allies to suspend funding for the UN agency.

On Wednesday, an agreement was reached by US congressional leaders and the White House on a massive funding bill will continue a ban on US funding for UNRWA until March 2025, Reuters reported.

Earlier this year the US, Canada, Australia, Britain, Germany, Italy, the Netherlands, Switzerland, Finland, Estonia, Japan, Austria and Romania  decided to cut their funding to the UNRWA, considered a lifeline for the Palestinians in Gaza.

France had also announced that it does not plan a new payment to fund UNRWA in the first quarter of 2024.

Condemning the suspension of funding, Lazzarini had said, “It would be immensely irresponsible to sanction an agency and an entire community…, especially at a time of war, displacement and political crises in the region.”

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News Network
March 15,2024

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The leader of Yemen’s Houthis has said that the Yemeni armed forces will continue their retaliatory operations against Israeli-affiliated commercial vessels, preventing the passage of the ships even through the Indian Ocean and through the Cape of Good Hope.  

About 34 Houthi fighters have been killed since the Yemeni armed forces began to attack shipping lanes in solidarity with the people of Palestine under attack in Gaza by Israel, Ansarullah leader Abdul Malik al-Houthi said in a televised speech on Thursday.

Yemeni forces have repeatedly launched drones and missiles against Israeli and Israel-bound ships since mid-November, saying they are acting in solidarity with Palestinians against Israel's war on Gaza.

Al-Houthi said 73 ships have been targeted in Yemeni operations in support of Gaza so far, adding rarely does any ship associated with the Israeli enemy pass through Bab al-Mandab.

“This week, support operations included 12 operations targeting ships and barges, executed with a total of 58 ballistic and cruise missiles and drones in the Red Sea, the Arabian Sea, and the Gulf of Aden,” he said.

“Our operations this time reached unprecedented ranges, with 3 operations reaching the Indian Ocean, by the grace of Allah,” he added. “The total number of targeted ships and barges reached 73.”

Al-Houthi said that the operations will continue as long as the aggression and siege on Gaza persist.

The United States and Britain began striking Yemen in January in order to dissuade the country from targeting Israeli ships which carry arms and logistics for the onslaught on the besieged Gaza Strip.

Al-Houthi said the Americans and the British have received “painful blows” from the Yemeni armed forces in retaliation.

The American-British “aggression will not affect the escalating course of our operations in terms of range, momentum, precision, and strength,” said Al-Houthi.  

“What can stop the Yemeni military’s maritime operations is only the cessation of aggression and siege on Gaza,” he noted.

The American stubbornness and escalation of aggression result in only one outcome: the expansion of the conflict, the widening of the circle of war and events, and the tension of the situation at the regional level in general, he stated.

He went on to say that the Yemeni armed forces will continue and effectively expand the range of the operations to reach areas and locations that the enemy never expected.

Al-Houthi said what insures the navigation security in the Red Sea is for any country not to participate in the Israeli aggression against Gaza.

He said the Americans and those who drag the United States towards the militarization of the Red Sea are the ones who undermine international navigation.

“By the grace of Allah and His assistance, we aim to prevent the passage of ships associated with the Israeli enemy even through the Indian Ocean and from South Africa towards the Cape of Good Hope,” he stated.

“For this important, advanced, and significant step, we have begun to implement our operations related to it through the Indian Ocean and from South Africa towards the Cape of Good Hope,” he said.

There is absolutely no choice for the American and the British but to stop the aggression on Gaza and stop starving the people in Gaza, he declared.

“Our human conscience, our religion, our morals, our dignity, our pride, our belonging to Islam, prohibit us from watching the oppression of Palestine or remaining silent about it,” said Houthi.

He added that the Yemeni military is in continuous development of capabilities and in constant expansion of the stance in its range, effectiveness, and impact.

“The American's actions this week, involving aerial bombings and naval shelling, amounted to 32 bombing raids and strikes, which, as usual, were unsuccessful,” he revealed.

“The impact of the American raids and bombings is negligible regarding our missile and drone capabilities and in terms of continuing operations effectively to counter it, and in preventing ships associated with the Israeli enemy,” he stated.

He concluded by saying that the Yemeni armed forces are continuously escalating, and increasing capabilities to attack enemy ships. “No matter what the Americans do, they will not be able to stop us from supporting the Palestinian people in Gaza.”

Yemenis have declared their open support for Palestine’s struggle against the Israeli occupation since the regime launched a devastating war on Gaza on October 7 after the territory’s Palestinian resistance movements carried out the surprise Operation Al-Aqsa Storm.

The Yemeni Armed Forces have said they won’t stop retaliatory strikes.

The maritime attacks have forced some of the world’s biggest shipping and oil companies to suspend transit through one of the world’s most important maritime trade routes.

Tankers are instead adding thousands of miles to international shipping routes by sailing around the continent of Africa rather than going through the Suez Canal.

Since the start of Israel's genocidal war following Operation al-Aqsa Storm by Gaza-based resistance movements on October 7, 2023, more than 31,000 Palestinians, including many women and children, have lost their lives.

The Israeli military offensive has left a trail of destruction in Gaza, leaving hospitals in ruins and displacing around half of its 2.4 million residents.

Israel has additionally enforced a comprehensive blockade on the coastal sliver, severing the supply of fuel, electricity, sustenance and water to the population residing there.

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News Network
March 29,2024

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Dozens of people have lost their lives and sustained injuries when Israeli military aircraft carried out a string of aerial assaults on targets near the northwestern Syrian city of Aleppo, according to Syrian officials.

Citing an unnamed military source, Syria’s official news agency SANA reported that “the Israeli enemy launched an aerial attack at approximately 1:45 a.m. local time on Friday (March 29) from the direction of Athriya, southeast of Aleppo.”

It added that “civilians and military personnel” had been killed and wounded in the strikes.

SANA noted that Israeli drone strikes had targeted civilians in Aleppo and its suburbs. It did not give an exact number for the casualties.

Two security sources said the strikes on Aleppo early on Friday killed 33 civilians and military personnel.

There was no immediate statement from Israeli officials on the strikes.

Aleppo, Syria's largest city and once its commercial center, has come under such attacks in the past that led to the closure of its international airport. Friday's strike did not affect the airport.

On Thursday evening, Syrian media outlets reported Israeli airstrikes near the capital Damascus saying it wounded two civilians.

The Israeli regime often conducts airstrikes on military installations in Syria, particularly those belonging to the Lebanese resistance group Hezbollah.

Hezbollah has been instrumental in supporting the Syrian army in its battle against terrorists backed by foreign entities.

The Tel Aviv regime does not acknowledge its military actions within Syrian territories, which is widely interpreted as a knee-jerk reaction to the Syrian government’s triumph over terrorism.

Since the onset of foreign-backed militancy in Syria in 2011, the Israeli regime has stood as a staunch supporter of terrorist factions that are in opposition to the democratically-elected leadership of President Bashar al-Assad.

The recent strikes also come amid an upsurge in Israel’s acts of aggression against Syria and its ongoing genocidal war against Palestinians in the Gaza Strip which has killed at least 32,552 Palestinians, most of them women and children.

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