Starwood in Middle East witnesses mixed results in Q2 | Starwood in Middle East witnesses mixed results in Q2 -
STARWOOD

Starwood in Middle East witnesses mixed results in Q2

: Wednesday, August 06 - 2014 @ 03:29

Starwood revealed mixed results across the region with slight falls in revenue per available room (RevPAR) and occupancy in the Middle East and Africa in the second quarter of the year, Hotelier Middle East reported. By the end of the period, on June 30, the company had 162 hotels, with a combined 38,650 rooms. In the Middle East and Africa, RevPAR was down 1.2% year-on-year to US $116.74, while the average daily rate (ADR) was up 0.6% to $185.61. Occupancy was down 1.1 percentage points to 62.9%.

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Wednesday, August 6- 2014 @ 3:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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