Lebanon
Real Estate News

According to Cushman and Wakefield, Europe, Middle East and Africa (EMEA) will enjoy a significant increase of property investment activity in 2015.

The Middle East/Africa region had the highest average revenue per available room at $120.88 in October.

Hotels in Abu Dhabi reported an 18.3 percent increase in occupancy rates in February compared to a year earlier, the largest gains in the region, according to new data from STR Global. The U.A.E. capital, which is growing as both a business and tourist destination.

According to STR Global, the Middle East/Africa region reported mostly mixed performance results in 2012 when reported in U.S. dollars. In 2012, the region reported a 6.1-percent increase in occupancy to 60.3 percent, a 0.5-percent decrease in average daily rate to US$161.64 and a 5.6-percent increase in revenue per available room to US$97.54.

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