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Both domestic and international travelers to Africa are driving demand away from the luxury sector toward mid-market accommodation.
MENA's 1.9-percent GOPPAR growth in October 2017 may not be enough offset declines other key performance metrics.
Though most cities saw growth in occupancy and RevPAR, hotels in Zurich recorded sharp declines.
CERP has begun to accept letters of intent from investors to acquire shares of two Croatia-based hotel operators.
Despite a growing hotel pipeline by 301 projects, some African markets saw plunging performance results.
Hong Leong Group's City Developments has set its buyout bid for Millennium & Copthorne at approximately £1.8 billion.
Ikos Olivia is named Top Mediterranean Resort currently in operation, as Club Med Marbella claims the title while still in development.
After a challenging trading period, Middle East & Africa hotels raked in $48.40 in gross operating profit per available room this past August.
Global hotel groups rushing to enhance Poland and CEE's hotel industry discussed the path to investment.
Capsule hotels, a $159-million market in 2016, are quickly regaining force in the global hotel market.