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 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.
According to Cushman and Wakefield, Europe, Middle East and Africa (EMEA) will enjoy a significant increase of property investment activity in 2015.
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.
The average daily rate for a hotel in Dubai jumped 7.9 percent in 2012, thanks to a steady roster of conventions and events in the city, a new report says. Visitors to Dubai can now expect to pay an average of $234.99 for a hotel room.
According to the December 2011 STR Global Construction Pipeline Report, the Middle East/Africa hotel development pipeline comprises 496 hotels totaling 133,438 rooms.
Despite a gloomy global economy, Jordan is stepping to the plate with a $228 million industrial real estate venture it hopes will rejuvenate the investment sector and the gloomy global economy at the same time.