Middle Eastern hotel prices slide 13 per cent

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Inn rates have fallen as much as 13 for every penny crosswise over Doha, Dubai and Kuwait, with falling meeting appointments and new inn openings rebuked for the slide.

In the most recent Middle East and North Africa chain inns showcase survey, distributed by HotStats, Doha inn rates were appeared to have tumbled from a normal of US$210 (£168) in 2015 to $183 (£146) a year ago, a drop of 13 for each penny. The Qatari capital additionally observed inhabitance fall 4.6 for every penny to 65.5 for each penny in a similar period, while meeting and banqueting fell 14.6 for every penny and sustenance and refreshment was down 11 for each penny.

Lodgings in Kuwait endured comparable decreases in private conferencing (down 16 for every penny) and corporate (down 12 for each penny). With inhabitance drifting at 50 for every penny (a fall of 0.3 for each penny), this has seen lodging rates fall 7 for each penny, from $243 (£194) to $226 (£181).

In the mean time, significant lodging openings in Dubai, similar to the 1,004-room Westin Al Habtoor City, have crushed inn rates by 8 for every penny as hoteliers endeavor to stay focused. Normal room rates (ARR) in the 12 months to December 2016 were $259 (£207), down from $280 (£224) in the past 12 months.

HotStats creators stated: "Hoteliers in Dubai have confronted various issues which have adversely affected top and main concern execution in 2016, including critical increments to inn supply, which included real undertakings, for example, the Westin Al Habtoor City and 828-room Atana Tecom, and a relocation to three-star inn items and monetary difficulties drove by the drop in oil costs."