Published on : Wednesday, August 6, 2014
Good news for travel business enthusiasts. According to the MENA Chain Hotels Market Review, occupancy rate at hotels in the Middle East and North Africa surged 4.9% to 78.2% overall. Strong guest footfalls resulted in the increase of revenue by 6.8%.
The MICE (meetings, incentives, business and convention) industry also witnessed a significant boost in demand for conferences and events at Middle East hotels including Jeddah and Saudi Arabia, which witnessed an overall increase of revenue of £230m, with the MICE sector contributing to 56% of demand for Jeddah’s hotels.
Occupancy rates in Doha, Qatar grew by 11.4% to 75.9% overall in the first six months of the year.