Hotels in Makkah lower prices by 150%
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Hotels in Makkah lower prices by 150%

Hotels in Makkah lower prices by 150%

Makkah Chamber of Commerce and Industry (MCCI) has said prices of hotels in the Saudi holy city have undergone a radical change and returned to their normal rates, Arab News has reported. "We have witnessed a 150% decline in both the prices of hotels around the Grand Mosque and suites with direct views of the Kaaba," said Fahad Al-Wethyiani, head of the Hotels and Tourism Committee at the MCCI. "The decline in occupancy rates of rooms this year is 15 to 20%. Investors are now offering rooms at lower prices to the local market to muster a higher percentage of occupancy," he said.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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