The Middle East/Africa region reported mixed performance during November 2014 when reported in U.S. dollars, according to data compiled by STR Global.
Among the region's key markets, Dubai, United Arab Emirates, reported the largest number of rooms under construction (10,969 rooms).
Hotels in Dubai have reported weakening performance trends, as revenues per available room (RevPAR) declined by 6.6% to US$ 340.06 for the month of November compared to the same period last year, according to the latest HotStats data. The contraction in room revenues was due to a softening of occupancies which retracted by 1.1 percentage points to 86.7%, but led largely by a decline in average room rates (ARR) of 5.5% to US$ 392.37.
The Radisson Blu Hotel, Riyadh International Convention & Exhibition Center will feature 200 rooms, a 200 sqm all-day dining restaurant, a specialty restaurant, a lobby, a lounge and a café. The hotel will also offer an indoor swimming pool and a fitness space.
Most popular articles shared on social networks by our readers this week