Keyword: Colliers International
Colliers expects major Egyptian markets to see an average year-over-year RevPAR growth of 13 percent for 2019.
More than 40 new hotels have been built across Australia during the past three years, and an additional 272 new hotels are in the pipeline.
Occupancy in Cairo and Giza grew 11 percent last year, and resorts in Hurghada and Sharm El Sheikh are set for RevPAR growth of 13 percent and 12 percent, respectively.
Hotel occupancy in Alexandria, Egypt, reached 98 percent over the New Year's holiday.
As the country emerges from its recent challenges, nations and private businesses alike are eyeing investment opportunities for the coming months.
Amsterdam’s city government has proposed a ban on accommodation-sharing platforms in three parts of the city, but Airbnb is fighting back.
Yuma Hospitality Properties sold the Best Western Inn & Suites in Yuma, Ariz., to Palm Springs Inn.
As investors seek “blue chip” locations to secure development financing, nervousness around Brexit has weighed on investment.
Colliers credits the RevPAR growth to seven months of improved security perception, the return of charter flights and a surge in international leisure demand.
Oman's Ministry of Tourism has announced plans to develop tourism and hotel sites in North Al Batinah.