Lebanon
Real Estate News

According to STR, hotels in the Middle East reported negative April 2018 performance results, while hotels in Africa posted growth across the three key performance metrics.

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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