Hotel average occupancy rates at four and five-star properties reached 56 percent during the first half of 2015, according to 'Middle East hotel benchmark survey report' recently published by Ernst & Young. The figure shows a six percent growth compared to the same period last year.
This demand was reflected in room rates, which grew by 4.6 percent to reach $176, the highest since 2012. The revenue per available room (RevPAR) grew by 17 percent to $99. Kanaan said that the boost is relate...
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