AHIC told Arab Spring lifted Dubai hotels; hammered Manama, Amman, Beirut, Cairo and Damascus
- Middle East: Sunday, April 29 - 2012 at 10:55
Middle East hotel performance varied radically in 2011 as the impact on visitor and business confidence of the Arab Spring affected the region unevenly, the 8th Arabian Hotel Investment Conference (AHIC) was told this morning.
"Bahrain lost almost half of its hotel performance in 2011," Coggans said. "It looks unlikely there will be any return to growth this year."
"Muscat suffered a fall in visitor volume last year" Coggans said. "Muscat has a relatively small pool of international hotels so any additions to the market have bigger RevPar implictions."
"The Doha market remains finely balance and I remain nervous about the performance this small market can deliver," Coggans said.
"Syria and Cairo experienced a massive decline in 2011," Coggans said. RevPar in Damascus fell more than 60%; Cairo by almost 50%; Beirut by more than 20% and Amman by more than 10%, Coggans said.
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