• Mixed Feb for ME

Dubai saw a strong February, with events driving occupancy to 87.6%, while Jeddah also saw rates improve. In contrast, Abu Dhabi, Kuwait and Sharm El Sheikh all had a disappointing month, reports Hotstats.

Strong demand allowed Dubai to increase rates an average 8.7%, while in Jeddah a 5.2% increase held. Strong comparables from 2013 hampered Abu Dhabi, where occupancy increased, but rates fell 18.1% pushing revpar down 14.6%.
Read the full story here:
http://hotstats.com/PDF/Files/HotStats_MENA_Chain_February_2014.pdf

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