Hotels in the Middle East reported negative results, while hotels in Africa recorded mixed results in the three key performance metrics when reported in U.S. dollar constant currency, according to November 2015 data compiled by STR Global.
The Radisson Blu Plaza Hotel is already under construction. It is located on Bole Road, one of the citys busiest axes, and at 2km from the United Nations Economic Commission for Africa (UNECA).
Five and four star hotels in Dubai continued to experience weakening average room rates (ARR) in November, falling 6.9% to US$315.03, whilst occupancy levels remained strong, albeit marginally lower than the same period last year at 84.9%.
Abu Dhabi experienced a slow December with difficult-to-match comparisons from 2014, when RevPAR grew by 19.8%. Year to date, demand has outpaced supply in the market, although supply has outpaced demand over the last two months.
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