The Under Contract total in the Middle East subcontinent represents a 40.9% increase in rooms Under Contract compared with March 2015 and a 42.7% year-over-year increase in rooms In Construction. The Middle East reported 80,423 rooms in 251 hotels under construction for the month.
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Demand and occupancy were mostly helped by the Integrated Offshore Commissioning course, held 13-16 March. The market also received a lift from Abu Dhabi Aviation and Aerospace Week (6-12 March), which included the Abu Dhabi Air Expo (8-10 March) and the Red Bull Air Race (11-12 March).
Year-on-year profit per room recorded at Abu Dhabi hotels dropped by 37.0% for the month, which was largely due to the absence of the IDEX (International Defence Exhibition & Conference) exhibition, according to the latest HotStats data.
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