According to STR, the hotel industry in Dubai, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth.
According to STR, the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!
According to STR Global, the Middle East-Africa region reported positive year-over-year performance results in two of the three major metrics during January 2015 when reported in U.S. dollars.
Master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced today the full installation of the Louvre Abu Dhabi dome structure.
In the fall of 2015, The Residences at W Tel Aviv - Jaffa is set to become the centerpiece of an extensive preservation and redevelopment project.
According to the July 2014 STR Global Construction Pipeline Report, the Middle East-Africa hotel region reported 630 hotels under contract totaling 147,754 rooms.
According to the April 2014 STR Global Construction Pipeline Report, the Middle East/Africa hotel development pipeline comprises 581 hotels totaling 137,799 rooms.
Nakheel, one of Dubai's leading developers and a poster child for the debt crisis in 2009, expects to have nine hotel projects under development by 2016. The developer plans four new hotels on Deira Island.
A property developer has started work on a large resort complex, the first big project to start in the man-made archipelago off Dubai's coast. Kleindienst, a Dubai-based international developer, will begin work on the "Heart of Europe" project.
Global airline passenger travel is expected to grow by five percent annually until 2017, with the Middle East and Asia-Pacific leading international passenger growth, according an industry forecast from the International Air Transport Association.
A unit of the state-owned group Dubai World has sold its Atlantis resort to Investment Corp of Dubai, also state-owned, to raise funds for repayments after a $25 billion restructuring plan was created two years ago.