Riyadh, Jeddah, Madinah hotel occupancy rises

January 22, 2013

performance_indicators
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 14,2024

New Delhi, Apr 14: In response to the escalating tensions between Israel and Iran, ministry of external affairs (MEA) on Sunday issued a statement expressing serious concern over the potential threat to regional peace and security.

"We are seriously concerned at the escalation of hostilities between Israel and Iran which threatens the peace and security in the region," the MEA said in the statement.

The ministry called for an immediate de-escalation of the situation, emphasizing the importance of exercising restraint and refraining from further violence. 

Stressing the need for diplomacy to prevail, India urged both parties to step back from confrontation and seek peaceful resolutions to their differences.

"We call for immediate de-escalation, exercise of restraint, stepping back from violence and return to the path of diplomacy," the MEA said. 

India, closely monitoring the evolving situation, assured that its embassies in the region are actively engaging with the Indian community, providing support and assistance as needed.

"We are closely monitoring the evolving situation. Our Embassies in the region are in close touch with the Indian community," the MEA affirmed.

Highlighting the significance of maintaining security and stability in the region, India reiterated the importance of all parties involved prioritizing peaceful dialogue and cooperative measures. "It is vital that security and stability are maintained in the region," the MEA said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 11,2024

hamas.jpg

The head of the political bureau of Hamas says Israel’s assassination of his children will not make the Palestinian resistance group back down on its goals and demands in the latest round of talks aimed at reaching a truce in the Gaza war.

Ismail Haniyeh made the remarks in a phone interview with Qatar-based Al Jazeera TV network on Wednesday night, after an Israeli airstrike killed three of his sons — Hazem, Amir and Mohammad — and four grandchildren in the al-Shati refugee camp in the northern Gaza Strip. 

“Our demands are clear and specific and we will not make concessions on them. The enemy will be delusional if it thinks that targeting my sons, at the climax of the negotiations and before the movement sends its response, will push Hamas to change its position,” he said.

The Israeli military and the regime’s so-called internal security service, Shin Bet, confirmed killing Haniyeh’s sons, who were visiting relatives on the occasion of Eid al-Fitr before their vehicle was struck.

The assassination came at a time when Hamas was preparing a response to Israel’s proposal for a Gaza ceasefire delivered through mediators during the negotiations in Cairo.

Also in his remarks, Haniyeh said killing his sons would only make Hamas “more steadfast in our principles and adherence to our land.”

The resistance group, he added, would “not surrender, and […] not compromise […] no matter how great our sacrifices are.”

The Hamas leader also noted that around 60 members of his family, including nieces and nephews, have been martyred during the Gaza onslaught. 

“All our people and all the families of Gaza have paid a heavy price in blood, and I am one of them,” he said.

Haniyeh further decried Israel’s brutality in Gaza, saying the regime is conducting a war of ethnic cleansing and genocide on the besieged territory.

“There is no doubt that this criminal enemy is driven by the spirit of revenge and the spirit of murder and bloodshed, and it does not observe any standards or laws,” he stressed.

Erdogan extends condolences to Haniyeh

Türkiye’s President Recep Tayyip Erdogan has extended his condolences to Haniyeh over the deaths of several of his family members, the Turkish Communications Directorate said.

During the phone call on Wednesday, Erdogan said that Israel will be held accountable before the law for its crimes against humanity.

In addition, Turkish Vice President Cevdet Yilmaz condemned the attack and conveyed his condolences to Haniyeh.

”The Israeli administration will eventually be held accountable for these inhumane attacks under international law,” Yilmaz said on X.

Israel waged its bloody US-backed war on Gaza on October 7 after Hamas carried out its historic operation against the usurping entity in retaliation for the regime's intensified atrocities against the Palestinian people.

So far, the occupying regime has killed at least 33,482 Palestinians, mostly women and children, and injured 76,049 others.

Ansarullah’s reaction

Meanwhile, the Yemeni Ansarullah resistance group extended its condolences to Haniyeh.

“These great sacrifices … indeed strengthen the steadfastness of Palestinian people in the face of Israeli arrogance,” Ansarullah spokesman Mohammed Abdul-Salam stated.
On the threatened invasion of the city of Rafah in southern Gaza, Haniyeh said, “We will not submit to the occupying regime’s intimidation, as those who surrender will not be spared.”

Shati is the third-largest refugee camp among the eight in the Gaza Strip, and also one of its most crowded, with thousands of people living in an area of less than half a square kilometer.

Ismail Haniyeh, who now lives in Qatar, is originally from Shati camp.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 23,2024

gaza200.jpg

The genocidal Israeli war on the Gaza Strip has entered its 200th day, with occupation forces killing more Palestinians in defiance of widespread international outcry to end the carnage.

The aggression marked its 200th day on Tuesday with no end in sight to the Israeli war that has so far killed a shocking number of Palestinians and led to a humanitarian crisis in the besieged territory.

The Gaza Health Ministry said Israeli forces have committed three "massacres" over the past 24 hours, killing at least 32 Palestinians and wounding 59 others.

The numbers, it added, bring the Palestinian death toll to more than 34,183, with at least 77,143 injured and an estimated 7,000 missing and presumed dead since early October.

More than 14,500 children and 9,500 women are among those killed, making up over 70 percent of the victims, according to health officials.

Israel waged its brutal US-backed war on the Gaza Strip on October 7 after the Palestinian Hamas resistance group carried out Operation Al-Aqsa Storm against the usurping entity in retaliation for its intensified atrocities against the Palestinian people.

Israel has been carrying out war crimes in Gaza by deliberately starving people and forcing their evacuation, as well as targeting hospitals and schools sheltering displaced Palestinians.

Despite all these atrocities, the regime has failed to achieve its declared objectives of “destroying Hamas” and finding Israeli captives held in Gaza.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.