Efforts of introducing measures to increase tourism, pilgrimage, investment and local entertainment options have continued in Jeddah, according to JLL's Real Estate Market Overview.
H.E. Abdullah bin Mohammed Balheif Al Nuaimi, minister of infrastructure development, UAE, pinpointed that the growth of the maritime tourism sector in recent years reflects the UAE’s position as one of the most developed countries in the world based on the seaports index.
Although hotels in Sharm El Sheikh achieved a 57 percent year-on-year boost in total revenue in February, profit per room remained in negative territory, with a loss of USD1.33.
Hotstats has released its latest report, MENA Chain Hotels Market Review February 2017, revealing mixed results across the region, with effective cost cutting in Abu Dhabi, falling revenue in Doha and signs of recovery in Sharm El Sheikh.
According to new figures released by Sharjah Commerce and Tourism Development Authority (SCTDA), more than 86,000 Chinese visitors stayed in Sharjah hotels last year, compared with 53,000 during 2015, making China the emirate’s sixth largest inbound tourism market.