This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
The Nova Scotia lodging market, particularly in Halifax, has experienced rapid growth in the years following the pandemic. In 2024, provincial RevPAR levels are projected to reach 128% of their 2019 benchmark, driven by rising ADR and an enhanced hotel supply.
The Middle East's luxury hotel market is expanding, fueled by economic diversification and a growing population of high-net-worth individuals. Key destinations like the UAE, Saudi Arabia, and Qatar are experiencing significant development in luxury accommodations. However, potential oversupply in major cities could affect room rates and occupancy. The outlook remains positive, supported by continued investment in unique, high-end experiences.
The GCC region presents significant opportunities for hotel investment, driven by rapid supply growth and evolving market trends. However, challenges such as valuation mismatches, rising costs, and operational inefficiencies highlight the need for strategic approaches. Key considerations include aligning development costs with market realities, adopting modern valuation metrics, and leveraging diversified revenue streams to enhance profitability and sustain long-term growth.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
Hala Matar Choufany shares her insights on Bloomberg Alsharq with Maya Hojeij, discussing key drivers behind the region's impressive visitation growth and tourism expansion.
In this interview, Hala Matar Choufany discusses with Hospitality News Middle East and Rita Ghantous the new service lines offered by HVS Middle East & Africa, along with insights into the market outlook, emerging trends, and regional sentiment impacting the hospitality industry.
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.