LMRC Market Watch
Hotel Recent News
Room rates slide 8% in Dubai to reach $312
UAE, Gulf News N.1783
Wednesday, December 02, 2015
Abu Dhabi: Five and four star hotels in Dubai continued to experience weakening average room rates (ARR) in October, falling 8.1 per cent to $312 while occupancy levels remained strong, albeit marginally lower than the same period last year, reaching 83 per cent.
WA nominated for Africa's 'Best Hotel Interior' award
UAE, TradeArabia N.1633
Sunday, November 29, 2015
WA International, a leader in the hospitality sector in the Middle East, has been nominated for 'Best Hotel Interior for Africa' for The African and Arabian Property Awards, a part of the International Property Awards.
Egypt gets its first Westin resort
Egypt, Gulf News, N.1781
Saturday, November 28, 2015
Dubai: Starwood Hotels and Resorts said on Sunday that it has debuted its Westin brand in Egypt.
The Westin Soma Bay Golf Resort & Spa is located in the Soma Bay peninsula in Egypt’s Red Sea Riviera. It is owned by Cascades Hotel Company Soma Bay.
UAE hotels lower rates to sustain demand as arrivals from Europe decrease
Source: Kaleej times N.1580
Wednesday, November 25, 2015
Hotels in the UAE experienced a 0.7 per cent decrease in occupancy in October to 78.5 per cent as well as double-digit drop in average daily rate (-10.3 per cent to Dh753.30) and revenue per available room (-10.9 per cent to Dh591.31).
Majid Al Futtaim and Starwood Hotels & Resorts unveil the new Le Méridien Bahrain City Centre
Source: Zawya N.1579
Tuesday, November 24, 2015
260 guests rooms and suites renovated
Hotel lobby revamped as 'Le Méridien Hub' featuring Longitude 50º café
Local culture and heritage manifested through two new concepts at the Art Link corridor and Baharat restaurant
Chestertons names new UAE operations head
Source: GDNI N.1573
Sunday, November 22, 2015
Chestertons, a leading international property agency, has appointed an industry veteran Declan McNaughton as its managing director in the UAE.
Declan brings to Chestertons a wealth of rich real estate industry experience spanning over 15 years. He will be based in Dubai, the company’s Middle Eastern headquarters.
Jumeirah launches GCC road show
Source: Gulf News N.1571
Sunday, November 22, 2015
The show is taking place in Saudi Arabia, Kuwait and Qatar
Dubai: Jumeirah Group, a Dubai-based luxury hotel chain, said on Monday that it has launched a Gulf Cooperation Council (GCC) road show, which runs until Wednesday.
Flora Grand Hotel undergoes revamp
Source:Trade Arabia N.1491
Saturday, November 21, 2015
Flora Grand Hotel by Flora Hospitality Dubai completes a major renovation project updating the hotel rooms with a fresh new look featuring tasteful decor, subtle colour accents and elegant furniture, providing a rich aesthetic and an enhanced comfort.
Le Méridien Dubai launches Great Ballroom
Source:Trade Arabia N.1489
Saturday, November 21, 2015
Le Méridien Dubai Hotel and Conference Centre celebrated the inauguration of the Great Ballroom, a 2,467-sq-m pillar-less ballroom that can accommodate 1,750 guests, making it one of Dubai’s tallest and most spacious ballroom venues.
Dubai hotel rates down 13 per cent in October
Source: Gulf News N.1468
Wednesday, November 18, 2015
Dubai: Hotels in Dubai saw average daily rates (ADR) fall again last month, pressured by an increasing number of hotel rooms coming online in the market, according to the latest report by research firm STR Global.
Video: Is this the new way to search for hotels?
Source: Kipp Report N.1467
Tuesday, November 17, 2015
Jumeirah Group announced yesterday (November 17) its collaboration with Google to launch Jumeirah Inside, a virtual platform with 360° video and photography, where you can view, learn more about hotels and book your stays around the world.
HMH CEO Laurent A. Voivenel to Address Hotel Technology Summit in Dubai
Source: zawya N.1411
Saturday, November 14, 2015
Laurent A. Voivenel, CEO ofHMH - Hospitality Management Holdings will participate in an interactive panel discussion on smart hotels at the 18th Hotel Technology Summit in Dubai. Organised in association with Hospitality Financial and Technology Professionals (HFTP)
Hyatt And Tamdeen Group Announce Plans For Grand Hyatt Kuwait
Source: zawya N.1410
Saturday, November 14, 2015
Grand Hyatt Kuwait will add to the brand's growing presence in the Gulf region
Doha Qatar: Hyatt Hotels & Resorts announced that a Hyatt affiliate has entered into a contract with the Tamdeen Group to develop a Grand Hyatthotel in Kuwait. Expected to open in 2020,
Sheraton resort opens in Sharjah
Source: Gulf News N.1408
Wednesday, November 11, 2015
The 349-room resort further expands the Starwood’s portfolio in the UAE to 25 hotels
Dubai: Starwood Hotels & Resorts on Wednesday announced the opening of the Sheraton Sharjah Beach Resort & Spa, its first hotel in Sharjah.
Starwood opens Sheraton in Sharjah
Source: Hotelier Middle East N.1356
Wednesday, November 11, 2015
Starwood Hotels & Resorts Worldwide, has opened the Sheraton Sharjah Beach Resort & Spa, marking its entry in the emirate of Sharjah.
The 349-room Sharjah resort further expands the company’s portfolio in the United Arab Emirates to 25 hotels across five emirates.
EasyHotel to open 1600 extra rooms in Middle East
Source: Hotelier Middle East N.1355
Tuesday, November 10, 2015
Budget hotel operator easyHotel PLC has signed a master development partnership with Man Investments LLC to start developing hotels in the Middle East.
United Arab Emirates-based Man investment group, will focus the new hotel developments in UAE and Oman, targeting an initial opening of 600 rooms by 2017, according to a recent report by Alliance News.
Hyatt, Tamdeen to develop 261-room hotel in Kuwait
Source: Trade Arabia N.1358
Tuesday, November 10, 2015
Hyatt Hotels Corporation, a leading international hospitality group, has announced that its affiliate has entered into a contract with property developer Tamdeen Group for a 261-room hotel in Kuwait.
Expected to open in 2020, Grand Hyatt hotel in Kuwait will be an integral part of 360 MALL.
Palazzo Versace Dubai opens following delays
Source: Hotelier Middle East N.1354
Tuesday, November 10, 2015
Palazzo Versace Dubai, developed in joint venture with Enshaa Group, has finally opened its doors.
No too long ago the property was reportedly struggling to secure finance for the project, amidst the global financial crisis.
Ras Al Khaimah to attract one million visitors
Source: Hotelier Middle East N.1352
Saturday, November 07, 2015
Speaking at the World Travel Market in London, RAK tourism authorities highlighted their mission to attract more visitors to the emirate while increasing the average length of stay from 3.1 days to 3.6 days, according to Gulf News.
Swiss-Belhotel International takes over operations of Sharjah Rotana
Source: Gulf News N.1359
Monday, October 26, 2015
Global hospitality firm Swiss-Belhotel International Group announced that it has taken over the operations of Sharjah Rotana, expanding its regional presence.
Following the deal, Sharjah Rotana will be renamed Swiss-Belhotel International Sharjah, a statement said. The four star hotel is located close to Sharjah’s Arts and Heritage area and will have 205 rooms, four meeting rooms, a lobby café and an all-day dining restaurant.
Regional hotel room rates fall in 8 months to August
Source: Gulf News N.1220
Wednesday, October 07, 2015
In Dubai, it was down to $305.86 during the eight month period
Dubai: Average room rates (ARR) of four-and five-star hotels in the Middle East dropped January to August, according to a survey by HotStats, a global hotel research firm.
Coral Al Madina Hotel in final stages of construction
Source: zawya N.1131
Monday, October 05, 2015
LAURENT A. Voivenel, CEO, Hospitality Management Holdings (HMH), was recently in Saudi Arabia to assess the progress at Coral Al Madina Hotel that is in advanced stages of construction and is due for completion by the third quarter of 2016.
More hotels targeting Muslim travellers
Source: zawya N.1130
Monday, October 05, 2015
Dubai: Hotels around the world are looking to cash in on the growing number of Muslim travellers by becoming fully halal (Sharia-compliant), or offering some halal products and services, according to an industry expert.
Rotana's 6 new hotels in Kingdom to open by 2017
Source: Zawya N.1129
Sunday, October 04, 2015
With the summer vacation season and Eid Al Adha now over, the Saudi hospitality market is once again preparing all facilities for tourists, business visitors and the year-round influx of pilgrims coming to visit Makkah and Madinah....
