Tag: YOY

China, Saudi Arabia and travel tech dominate Arabian Travel Market 2019 agenda

Chief Assignment Editor Chief Assignment Editor- June 11, 2019 20:54

This year’s Arabian Travel Market witnessed a 106% increase in visitors from China and a 20% increase in international visitors to the event, which was held at Dubai World Trade ... Read More

Middle East & North Africa hotels: Occupancy surges, profits drop

Chief Assignment Editor Chief Assignment Editor- May 31, 2019 15:15

Occupancy levels at hotels in the Middle East & North Africa surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth ... Read More

European hotels’ profits down for a fifth consecutive month

Chief Assignment Editor Chief Assignment Editor- May 29, 2019 17:55

Profit per room at hotels in mainland Europe fell for a fifth consecutive month in April, as revenue levels continued to weaken across all departments, according to the latest data ... Read More

UK hotels suffer their largest profit decline since late 2016

Chief Assignment Editor Chief Assignment Editor- May 28, 2019 16:01

Hotels in the UK suffered their largest margin of year-on-year profit decline since late 2016, as ancillary revenues fell and costs soared in April, according to the latest data tracking ... Read More

Arabian Travel Market 2019 opens tomorrow in Dubai

Chief Assignment Editor Chief Assignment Editor- April 27, 2019 17:15

ETurboNews ready to exhibit at Arabian Travel Market where hospitality professionals from every corner of the world will gather in Dubai tomorrow (Sunday, April 28) for the opening of Arabian ... Read More

Centel Announces all-times high and annual cash dividend

Juergen T Steinmetz Juergen T Steinmetz- April 25, 2019 08:15

Central Plaza Hotel Public Company Limited (“CENTEL”) (SET: CENTEL) today announced that the shareholders in their AGM 1/2562 have passed the resolution of an annual cash dividend on the company ... Read More

Arabian Travel Week launches in Dubai

Juergen T Steinmetz Juergen T Steinmetz- April 24, 2019 09:40

Reed Travel Exhibitions will launch Arabian Travel Week – an umbrella brand comprising four co-located shows – during the 2019 edition of Arabian Travel Market (ATM) which opens its doors ... Read More

Middle East visitors to Egypt to increase 50% by 2022, ATM report reveals

Juergen T Steinmetz Juergen T Steinmetz- April 2, 2019 07:03

Arrivals from the Middle East to Egypt are expected to increase 50% from 1.49 million in 2018 to 2.23 million in 2022 with visitors from Saudi Arabia driving this growth, ... Read More

The Bahamas is enjoying historic visitor numbers

Chief Assignment Editor Chief Assignment Editor- March 21, 2019 16:48

The Bahamas Ministry of Tourism & Aviation has heralded the highest number of international arrivals ever, resulting in record hotel occupancy levels. The Bahamas won numerous tourism industry awards and ... Read More

Challenging start to 2019 for hotels in mainland Europe

Chief Assignment Editor Chief Assignment Editor- March 7, 2019 17:30

Profit per room at hotels in mainland Europe fell by 9.1 percent year-over-year in January—the largest margin of decline in this measure since August 2016—as revenues dropped and costs escalated, ... Read More

UK hotel profits drop due to rising costs

Chief Assignment Editor Chief Assignment Editor- February 28, 2019 22:15

Despite a 3.4-percent year-over-year increase in RevPAR in January, profit per room at UK hotels dropped by 2.6 percent due to rising costs, according to the latest full-service hotels tracking ... Read More

2018 second consecutive year of large gains for European hotels

Chief Assignment Editor Chief Assignment Editor- February 1, 2019 21:20

Hotels in Europe suffered a 2.7-percent year-on-year decline in profit per room in December, yet still, annual GOPPAR rose 9.2 percent, marking a second consecutive year of large gains, according ... Read More

Commercial demand helps European hotels’ profit growth in November

Chief Assignment Editor Chief Assignment Editor- January 15, 2019 18:25

Demand from the commercial segment accounted for more than 40 percent of accommodated roomnights in November and helped fuel a 5.2-percent year-on-year increase in profit per room for hotels across ... Read More

UK hotels: Second consecutive month of profit growth in November

Chief Assignment Editor Chief Assignment Editor- January 10, 2019 00:25

Building on October’s GOPPAR gains, UK hotels successfully produced a second consecutive month of profit growth in November, positioning hotels in the region to achieve another successful year of trading, ... Read More

Profit slide continues for Middle East & North Africa hotels

Chief Assignment Editor Chief Assignment Editor- December 4, 2018 09:10

Waning revenues and rising costs have conspired to hobble profit per room at hotels in the Middle East & North Africa, as GOPPAR in the region has slid by almost ... Read More