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Beirut to stay key touristic city in Mena region: Colliers International - Daily News Egypt

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Beirut to stay key touristic city in Mena region: Colliers International

A forecast report conducted by Colliers International for the hotels of the Middle East and North Africa (MENA) for the three-month period between August and October 2017 showed that Beirut and Aqaba are the key touristic cities in the region for that period. In Beirut, an increase in revenue per available room (RevPAR) is expected …


A forecast report conducted by Colliers International for the hotels of the Middle East and North Africa (MENA) for the three-month period between August and October 2017 showed that Beirut and Aqaba are the key touristic cities in the region for that period.

In Beirut, an increase in revenue per available room (RevPAR) is expected to take place and emanate from both average daily rate (ADR) and occupancy rates, according to Colliers International’s report.

The report expected the city to make use of better security conditions and lifting travel bans.

As for Jordan’s Aqaba, the report showed that it continues to benefit from the domestic demand and from that of Scandinavian tourists, as well as capturing tourists from both Egypt and Turkey.

Other MENA cities are steady in terms of hotel occupancies, such as Sharjah, where the hotel market in Sharjah is going through a recovery phase with modest growth in occupancies.

Ras Al Khaimah is expected to benefit from the strong local demand from international leisure demand from Germany, UK, Russia, and India, keeping the three-month RevPAR growth in line with last year.

In Jeddah, both occupancy and ADR levels continue to decline due to a drop in demand by the corporate and leisure segments. “This is primarily due to the cuts in the government’s and the private sector’s spending, with little recovery expected in the medium term,” the report said.

Muscat is also expected to benefit from Eid Holiday seasons, according to the report.

Colliers International is a global company in commercial and real estate services with over 15,000 employees operating in 68 countries.

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https://dailynewsegypt.com/2017/09/07/beirut-stay-key-touristic-city-mena-region-colliers-international/
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