Global hotel pulse: Middle East/Africa news
 
Global hotel pulse: Middle East/Africa news
16 JANUARY 2019 8:42 AM

Included in this roundup of news from the MEA region: Abu Dhabi transaction; Middle East rate drops; and more.

Each week, Hotel News Now features a news roundup from a different global region. Today’s compilation focuses on Middle East/Africa.

Abu Dhabi National Hotels buying Dubai properties
Reuters reports that Abu Dhabi National Hotels has secured a 1.6 billion Emirati dirham ($435.6 million) loan to buy “a number of Dubai-based hotels.” The news agency said the particulars on the transaction were not released, but ADNH announced in November plans to buy five properties from Emaar Hospitality for 2.2 billion dirhams ($599 million).

Rate pushes down Middle East hotel performance
While occupancy grew nominally (0.9%) year over year to 69.8% for Middle East hotels in November, a 7.7% drop in average daily rate to $156.81 pushed down revenue per available room 6.9% to $109.42, according to the latest data from Hotel News Now’s parent company STR.

It was a much rosier picture in terms of African hotel performance, with that region seeing 5.8% occupancy growth to 68% and an ADR increase of 7% to $119.59, combining for a 13.2% RevPAR increase to $81.31.

Nairobi hotel site of attack
The BBC reports the complex housing the DusitD2 hotel in Nairobi, Kenya, was a site of gunfire and blasts Tuesday, with Somalia-based militant group al-Shabab claiming credit for the attack. The news agency reports that four armed men entered the complex in the Westlands district of Nairobi.

Details were scant as of Tuesday, with the BBC noting “people have been leaving the site escorted by armed officers. Several people were led out covered in blood.”


Compiled by Sean McCracken.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.