Tag Archives: increase

STR data year-on-year up to September 2023 shows that average hotel occupancy in Manama is up by 5.9% compared to the same period in 2022, with RevPARs also up 4.9% YoY. This is despite average daily rates (ADRs) falling slightly at 1.0%. In July, it was announced that Edamah broke ground on two boutique hotels at Bilaj Al Jazayer – the four-star Avani and five-star Tivoli, both scheduled to open in 2025. Upon completion, the Bilaj Al Jazayer mixed-use 1.3 million square metre development master plan will also comprise residential villas and apartments, retail and F&B, entertainment and offices along the 3km beachfront. Fraser Suites is expanding its offering in Bahrain, signing with Seef Properties to operate in Al Liwan in Hamala. The new offering will provide 63 serviced apartment units, with a mix of one-, two-, and three-bedroom apartments, over three floors. The serviced apartment component is expected to open in Q4 2023. Heather Longden, Director – Advisory & Transactions, at CBRE in Bahrain comments: “We’ve seen slight uplifts in Bahrain’s hospitality and residential sectors in Q3 2023. In the residential market, although performance was mixed and quoted apartment sales rates dropped marginally year-on-on year, average quoted residential rents increased along with villa sales rates across the geographies. In the hospitality sector, occupancy rates increased by 5.9% compared to the same period in 2022 and RevPARs also grew by 4.9% in Manama. Other aspects of the market remained stable, as the commercial office and retail sectors continue to witness development with prominent projects due to complete soon, which will add to existing stock.”

Following a dip in 2020, tourism globally is again on the rise and is expected to reach $17 trillion in size by 2027, compared to $11 trillion prior to Covid-19. Bain & Company’s new research study, ‘Sustainable Tourism: An Untapped Opportunity for Green Growth’, reveals that there is an increasing appetite for more sustainable tourism among leisure travelers across the globe, who will choose destinations and providers (airlines, hotels, restaurants, and tour companies) based on their sustainability records and are starting to pay a premium for it. On the other hand, research shows that some travelers feel that the travel and tourism sector is making little or no effort to be more sustainable, indicating that there is still much room for the sector to respond and make a difference. “The uptake in sustainable tourism is driven by an appetite to travel sustainably and make more responsible choices. Bain has developed a framework defining the components of a sustainable tourism experience around three pillars: environmental impact (e.g., eco-friendly transportation and accommodation options), social responsibility (e.g., DEI standards), and community engagement (e.g., contract with locals)” says Karim Henain, Partner at Bain & Company Middle East. There is a significant opportunity among the “sustainability enthusiasts” segment of travelers interested in visiting the MENA (Middle East and Northern Africa) region. The study’s aim is to better understand the behaviors and preferences of relevant travelers interested in MENA as a destination. The research covered consumers from six markets: Germany, Italy, France, the UK, Saudi Arabia, and China.   Overall, more than two-thirds of consumers surveyed in the selected markets consider sustainability aspects to be important or extremely important when traveling for leisure, and 73% expect …

SAUDIA Group is continuing to implement its operational plan for 2023 by boosting its international presence and market share by increase its seating capacity by 40% on high-demand destinations. The ambitious plan aims to expand SAUDIA’s network, connect international visitors with the Kingdom, and strengthen Saudi’s tourism, Hajj, and Umrah sectors. The plan also includes an increase in domestic flights and seating capacity. SAUDIA has allocated over 25.3m seats for international flights in 2023 across almost 90,000 flights, up 40% from 2022. Similarly, seating capacity on domestic flights for 2023 has been increased by about half a million seats to reach over 17.8m seats, with the total number of domestic flights exceeding 102,100. The update to the company’s flight schedule and operations are designed to meet growing customer demand and further increase convenience in flight schedules throughout the year, and in particular during demand-peak seasons. Captain Ibrahim Koshy, CEO of SAUDIA, said: “We plan to build on SAUDIA’s operational success of last year with a strategic plan that further enhances SAUDIA’s reputation for meeting our guests’ needs and delivering performance excellence. Since the beginning of the new year, we have seen steadily increasing demand on already-popular routes. By expanding capacity and enhancing flight schedules SAUDIA is able to offer increased flexibility to customers and better manage its operational requirements in light of the significant challenges facing the aviation industry.” SAUDIA’s operational plan also features a number of new additions to its fleet. New Boeing B787 Dreamliner aircraft, with 24 business class seats and 333 economy class seats, will join SAUDIA’s fleet in 2023, along with the latest Airbus A321NX aircraft, that offer 20 business class seats and 168 economy class …

As the advisory arm of Ras Al Khaimah Hospitality Holding (RAKHH), in the past 5 years, Stirling Hospitality Advisors (SHA) has consulted on close to 30 projects in the northern emirate, including hotels, luxury resorts, experiential camps and more. According to the latest data from Ras Al Khaimah’s municipality, the emirate experienced a 45 per cent increase in overall real estate transactions in the first half of 2022, compared to H1 2021. In that period alone, it recorded more than AED 4 billion worth of real estate transactions, further cementing its position as an attractive real estate and hospitality investment hub for hotel groups and investors. With a series of recent hotel openings and tourism activations, the northern emirate has been leading the region’s tourism sector thanks to its diverse offerings that cater to guests across all age groups and interests. The latest announcement from Wynn Resorts marks the first integrated resort in the GCC, bringing another unique hospitality offering to the region. Additionally, the emirate was also selected by Time magazine as one of its World’s Greatest Places of 2022 for its stunning geodiversity and superlative outdoor adventure offerings. Amongst the various destinations SHA currently oversees projects in, the consultancy played an instrumental role in developing the Northern Emirate into a world-renowned tourist destination for active and family tourism. Over the past 5 years, SHA has participated in the pre-opening and opening of 10 hotel projects across its portfolio, showcasing its superlative industry experience in successfully transitioning hotels from concept development to operational. Tatiana Veller, Managing Director of Stirling Hospitality Advisors said: “Ras Al Khaimah is an increasingly attractive market for investors and real estate owners at the moment. …

Qatar Airways is set to further boost its growing network with increased flight frequencies to multiple popular destinations across the globe to meet travel demand during the peak winter holiday season. This increase is part of the airline’s ongoing efforts to provide greater choice and seamless connectivity to passengers as they discover the world, via the airline’s home and hub Hamad International Airport (HIA). Qatar Airways is also launching its inaugural services to Dusseldorf, with daily flights starting from 15 November 2022, the airline’s fourth destination in Germany. Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “Qatar Airways continues to enhance its schedule and network by increasing frequencies to many key destinations across the world. This increase will provide even greater choice to our business and leisure passengers, who can connect seamlessly via the World’s Best Airport, Hamad International Airport, to more than 150 global destinations. With Qatar Airways developing its network with greater frequencies while also recently adopting Avios as its loyalty currency, passengers are positioned to benefit from travelling with the World’s Best Airline to key destinations around the globe.” Qatar Airways network increases: Singapore – from 14 weekly to 21 weekly effective 30 October 2022 Bali – Increased from seven weekly to 14 weekly effective 6 December 2022 Abu Dhabi – increased from 21 to 28 weekly flights effective 21 December 2022 Amsterdam – Increased from seven to 10 weekly flights effective 21 December 2022 Almaty – Increased from four to seven weekly flights effective 1 January 2023 Dublin – increased from 11 to 12 weekly flights effective 3 January 2023 Cape Town – Increased from 10 to 14 weekly effective 6 January …

The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the Middle East is expected to create nearly 3.6 million new jobs over the next decade. The forecast from the World Travel & Tourism Council (WTTC), which shows an average of 360,000 new jobs every year, also reveals the sector will lead the region’s economic recovery, with its average annual growth set to outpace the overall economy for the next 10 years. According to the report, Travel & Tourism’s GDP is forecasted to grow at an average rate of 7.7% annually between 2022-2032, three times the 2.5% growth rate for region’s overall economy, to reach nearly US$ 540 billion (10.1% of the total economy). The sector’s contribution to GDP is expected to grow more than 36% to over US$ 256 billion by the end of 2022, amounting to 6.5% of the total economic GDP, while employment in the sector is set to grow by 8.7% this year to reach over six million jobs. The global tourism body’s annual report also shows further optimism for the region’s Travel & Tourism GDP, which could almost reach pre-pandemic levels by 2023 – just 2.5% below 2019 levels. Julia Simpson, WTTC President & CEO, said: “After a very difficult couple of years, the future is looking brighter with Travel & Tourism expected to create 3.6 million new jobs across the Middle East over the next decade. “Looking to this year and the next, the outlook is more positive with both GDP and employment set to almost reach pre-pandemic levels. “The recovery of the sector in the Middle East last year was certainly slower than expected, due …

Passenger traffic at Sharjah International Airport grew by 4 per cent during the third quarter of 2017, compared with the same period of 2016, handling 2.996 million passengers. Summer travel drove Q3 growth with the airport handling 1 million passengers during July and 1.1 million passengers during August. Performance during the three months also beat that of Q1 and Q2 this year, which registered 2 percent and 3 per cent growth respectively. July and August were the first months of this year that exceeded one million passengers, with growth being supported by airline promotions, additional summer flights and the Sharjah summer tourism promotion campaign. Last week, Sharjah International Airport received its first Rossiya Airlines flight from Saint Petersburg and Ekaterinburg in Russia. The airline will operate two Boeing 737-800 flights weekly from October 2017 until March 2018. Sharjah Airport Authority recently appointed US engineering consultancy Parsons Overseas Limited to oversee its US$400 million (AED 1.46b) expansion.