According to STR, occupancy in Middle East hotels rose by 2.4% to 62.2%, while ADR dropped by 6.7% to US$131.49 and RevPAR decreased by 4.5% to $81.80, when compared to the same period last year.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
952 | the publication reaches you by | Bahrain NewsSTR’s analysts revealed that,
“The absolute occupancy level was the highest for a third quarter in Manama since 2010, while the ADR level was the second-lowest for a Q3 since 2008.”
Analysts also said that August was the strongest month of the quarter for Bahrain when looking at absolute values with occupancy reaching 59.3%, ADR touching BHD61.33($163.11) and RevPAR reaching BHD36.38 ($96.75).
Nvestox management had already staggered a ‘loop-work’ environment within their key teams trading all major global exchanges, so…
464 | the publication reaches you by | Bahrain News
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
