This Memorandum of Understanding (MOU) is a result of the willingness of both parties to establish a long-lasting relationship, and to create a favorable collaboration framework, particularly in the real estate and tourism sectors.
The …Read full article » Kuwait: Saturday, February 09 - 2013 @ 13:27
The hotel occupancy in Kuwait during the year to date stood at 56.2%, an increase of 1.2% compared to the previous corresponding period.
Year to date ADR and RevPAR stood at $218.0 and $122.5, a …Read full article » Kuwait: Thursday, January 06 - 2011 @ 08:27
1. Market Update
1.1 Mena Region
• As per UNWTO (World Tourism Organization) report, international tourist arrivals to Middle East during the first six month of 2010 increase by 20% compared to the previous corresponding period.
• Hotel industry in …Read full article » Kuwait: Thursday, October 07 - 2010 @ 17:00
During January–July 2011, ADR fell 4.8% YoY to $212.6. On the other hand, hotel occupancy rose 7.2 percentage points YoY to 64.9% and RevPAR increased 7.0% YoY to $138.0 during the first seven months of …Read full article » Kuwait: Monday, September 26 - 2011 @ 09:38
The dominance of business tourists in the country has attracted the luxury segment, leading to additional room supply from newer five-star brands and luxury hotels. The budget hotel concept is also gaining prominence in Kuwait …Read full article » Kuwait: Tuesday, November 02 - 2010 @ 15:36
Hotel occupancy and RevPAR during the year to date period (January to August 2011) increased 5.9 percentage points YoY to 61.7% and 5.6% YoY to $130.0, respectively. On the other hand, ADR plunged 4.5% YoY …Read full article » Kuwait: Sunday, October 30 - 2011 @ 16:48
The occupancy level and ADR for Kuwait during the year to date stood at 52.0% and $257.0, respectively, compared to 53.0% and $265.0 recorded during the previous corresponding period.
The hotel industry in the Mena region …Read full article » Kuwait: Sunday, December 05 - 2010 @ 14:07
However, hotel occupancy grew 3.0 percentage points YoY to 61.0%, ADR 4.3% to $286.0 and RevPAR 9.7% to $176.0 during the three-month period January–March 2011 compared to the last corresponding period.
According to the United Nations …Read full article » Kuwait: Wednesday, June 08 - 2011 @ 13:48
The hotel industry in MENA displayed positive results in January 2012 as ADR increased 6.4% to $181.6 and occupancy rate remained unchanged at 55.5% vis-à-vis January 2011.
• In January …Read full article » Kuwait: Thursday, March 29 - 2012 @ 09:59
1. Market Update
The unrest in major tourist destinations – Libya, Bahrain, Egypt and Tunisia has shed the number of tourist arrivals in the region. The unrest in Bahrain forced the government to postpone indefinitely the …Read full article » Kuwait: Monday, April 04 - 2011 @ 13:38