Page 15

Dubai Hotels Report 0.3 per cent Occupancy Drop for September 2015

Starwood Preferred Guest and Emirates NBD introduce new hospitality card STARWOOD PREFERRED Guest (SPG), the award-winning loyalty programme from Starwood Hotels & Resorts Worldwide, Inc, and Emirates NBD, a leading bank in the Middle East, launched the ‘Emirates NBD Starwood Preferred Guest® World MasterCard’. The Emirates NBD Starwood Preferred Guest® World MasterCard will offer UAE consumers incredible rewards, including the ability to earn instant SPG Gold status that normally requires approximately 25 nights per annum and up to 50,000 bonus Starpoints - 25,000 Starpoints on activation – and another 25,000 Starpoints upon reaching a determined

threshold in the first three months. Cardholders in the UAE can redeem points across Starwood’s 1,200 properties and over 1,000 restaurants in over 100 countries across the company’s 10 internationally renowned brands. The ‘Emirates NBD Starwood Preferred Guest World MasterCard’ offers one Starpoint per US Dollar on domestic and international spends and two Starpoints per US dollar at all SPG participating hotels; renewal bonuses that include free nights at select SPG properties and automatic SPG Gold status, and up to 30 per cent discounts at restaurants and spas across Starwood hotels globally.

STR GLOBAL’S preliminary September 2015 data for Dubai, United Arab Emirates, indicates slight decreases in several key performance metrics. Based on daily data from September, Dubai reported: • A 0.3 per cent decrease in occupancy to 76.1 per cent • A 2.6 per cent decrease in average daily rate to AED 645.61 (USD 175.77) • A three per cent decrease in revenue per available room to AED 491.08 (USD 133.70) • An increases in supply (+ 5.4 per cent) and demand (+5.1 per cent). Despite the decrease for the month, ADR in the market eclipsed AED 800 (USD 217.81) for each day from September 23 - 25. Overall, the shift of Eid alAdha from October 2014 to September 2015 led to an 11.7 per cent year-over-year increase in ADR during the week of September 20 – 26. Supply growth in Dubai remains significant, and demand improved from August. Through the first eight months of 2015, supply growth (+6.3 per cent) outweighed demand growth (+5.2 per cent) in the market. Source: www.hotelnewsresource.com

Inaugural Middle East Association Congress to Converge at Abu Dhabi LEADING REGIONAL and international association leaders and experts are set to converge in Abu Dhabi for the inaugural edition of Middle East Association Congress (MEAC), which will be held at the Abu Dhabi National Exhibition Centre (ADNEC) on April 5th and 6th, 2016. Organised by CIMGlobal, the organiser of many major association congresses in the South Asian region and supported by ADNEC and Abu Dhabi Convention Bureau (Abu Dhabi – CB), MEAC, held under the slogan ‘Creating opportunities, Associations and beyond’, will host a number of panel sessions, education seminars and networking opportunities. The MEAC is expected to be attended by senior association leaders who are members of the American Society of Association Executives and from Europe. These leaders will join the regional Middle Eastern association community to network and collaborate.

NOVEMBER/DECEMBER 2015 13

Top Hotel November December 2015 Issue  

Top Hotel Middle East is a bi-monthly business journal for senior level hoteliers, hotel owners, hotel investors and investment companies, a...

Top Hotel November December 2015 Issue  

Top Hotel Middle East is a bi-monthly business journal for senior level hoteliers, hotel owners, hotel investors and investment companies, a...

Advertisement