|
|
Article: Mideast, Africa hotel occupancy down in March: report.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- April 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
DUBAI: Hotel occupancy in the Middle East and Africa fell 11 percent in March and margins fell 16 percent from the same month in 2008, with regional tourism hubs Dubai and Egypt hardest hit by the downturn, a report said.
"The pain continues for Egypt and Dubai, two of the biggest success stories in 2007 and 2008," James Chappell, managing director of STR Global, said in the report. "Dubai has lost over 30 percent in the first quarter of 2009."
Hotel occupancy in Dubai, which lures Western tourists with its beaches and shopping, was down 15.8 percent in March while revenue per available room (revPAR) fell almost 41 percent, suggesting that hotels have ...