The outlook for Middle East hotels in 2016 looks challenging, evidenced by declines in performance in January, the high season in many regional markets, according to Ernst & Young (EY).
Bulgaria Air starts operating 10 new regular passenger flights to some of the most attractive cities in Europe and…
26 Views | the publication reaches you by | Bulgarian Business ClubThe advisory firm said in a statement that with the exception of Manama, Cairo and Makkah, all Middle East hotel markets witnessed a decrease in revenue per available room (RevPAR) in January 2016 compared to the same month last year.
“It will be difficult for hotels to maintain the same performance as 2015 this year, and it’s expected that there will be a minimal decline in RevPAR in 2016,” said Yousef Wahbah, MENA head of transaction real estate at EY.
The Bulgarian economy shrunk by 4.6 percent last year, and in 2021 the country expects a recovery and…
29 Views | the publication reaches you by | Bulgarian Business Club
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