Business Blog

Hotels operated by the Hospitality Management Holdings (HMH) reported a strong performance in first quarter of 2014, registering a 10 percent increase in RevPAR (revenue per available room) and 7.2 percent rise in average room rates.

Statistics released by the Ministry of Justice (MoJ) reveal that Doha's property market has grown substantially quarter-on-quarter, with a 29 percent increase in the number of transactions between Q4 2013 and Q1 2014.

There has been no official age restriction on Umrah and Haj pilgrims over the age of 65, said Ali Al-Ghamdi, an official at the Haj Ministry.

Etihad Airways’ top executive dismissed concerns that the European Commission (EC) will find any irregularities in its equity stake holdings of European carriers.

InterContinental Hotels Group (IHG) expects sustainable performance across its properties in the UAE during the low summer season, Pascal Gauvin, COO of IHG in India, the Middle East and Africa, told Gulf News in an interview.

Jumeirah Group expects revenue of its UAE hotels under management to grow by at least 50 per cent between now and 2020, when Dubai hosts the World Expo 2020, Gerald Lawless, president and CEO of Jumeirah Group, told Gulf News in an interview.