MENA hotel rate jump insufficient
According to one of Hotstats‘ latest reports, the almost double-digit uptick in average room rates, year-over-year profit per room at Middle Eastern and North African hotels dropped in May by GOPPAR 2.4% even though average room rates rose 9.7% to $183.70, a high for the year. The rise in ARR...
UAE ice cream market to reach USD 142 million in 2021
IFFCO Group leads the market with a USD 44 million revenue. It distributes London Dairy, Igloo and Quanta. Mars GCC is second with a USD 16 million.
Pea-based burger patties to become trendier in the coming years
The growing health concerns regarding the consumption of animal protein has urged consumers to opt for alternative protein sources
22 new hotels slated for Bahrain in the next four years
The total number of nights spent by tourists in the Kingdom reached approximately 4.1 million nights, an average of 3.3 nights per tourist.
Middle East travelers prefer London, Paris and Rome for their summer trips
Asian destinations are also inching up the list for Middle Eastern travelers, with Bali, and Tokyo joining Bangkok and Kuala Lumpur in this year’s top 10.
Hotels’ April Occupancy Surges
Occupancy levels at hotels in MENA surged to 78.2 percent in April, but it was not enough to prevent profit levels falling for an eighth consecutive month, according to the latest data tracking full-service hotels from HotStats. Profit per room fell by 2.9 percent in the month to $92.95....
Dark chocolate market to reach USD 60+ billion
Dark chocolate, also known as ‘bittersweet’, is made from cocoa butter instead of fats such as palm and coconut oils. It carries a rich and intense flavor.
The Middle East leads growth in international tourism
Confidence in global tourism has started to pick up again after slowing down at the end of 2018, according to the latest UNWTO Confidence Index survey.
Beirut and Cairo lead hotel occupancy growth
Lebanon is set to prepare for a promising summer tourism season with indications of improved tourist volumes after the travel ban lift by Saudi Arabia. The UAE is also expected to lift its travel ban.
Global cheese market to reach USD 100 billion in 2024
Several large groups are leading the sector. These include Lactalis Group, Fonterra, Dairy Farmers of America, and Arla Foods.
