Kingdom Hotel Investments System RevPAR Drops 9pc
Published by Irhal
Luxury hotel operator Kingdom Hotel Investments (KHI) posted a 9 percent fall in Q3 system revpPAR, and said the Dubai market is still challenging. A statement on their Nasdaq Dubai website said “Trading remains in line with general market trends and despite the global economic challenges KHI’s hotel operations remain profitable and cash generative.” After adjusting for currency movements system revPAR for…
RevPAR in the Middle East dropped 12 percent on a currency neutral basis, but plummeted 12 percent at the Movenpick Bur Dubai compared to the same period last year. KHI said the full inclusion of Ramadan and Eid Al Fitr public holiday had a positive impact on Q3. Saudi billionaire Prince Alwaleed owns Kingdom Hotel Investments.
More Travel News
All travel news
Airline News
Qatar Airways Resumes Flights to Philadelphia
The airline marks Philadelphia as its 14th destination in North America
Read full story
Travel News
Thailand Unveils Summer Holiday 2026 Shopping
This summer, Central Shopping Centers invites international visitors to experience the best of shopping, dining, and leisure with Summer Holiday 2026, running from 20 July – 30 September 2026. Created exclusively for international tourists, the campaign offers shopping privileges across Thailand’s five world-class shopping malls: centralwOrld, Central Park…
Read full story
Travel News
Special "Ahlan Jordan" Prices for Tourists
The Ministry of Tourism and Antiquities and the Jordan Tourism Board, in cooperation with tourism associations, have launched the integrated digital platform "Ahlan Jordan" as part of measures to support the tourism sector and address the impact of regional circumstances on travel activity.
Read full story
Airline News
Flydubai increases flights to Milan and Naples
flydubai, the Dubai-based carrier, has increased its daily operations between Dubai and Naples and is set to boost its flights to Milan-Bergamo to a double-daily operation from 31 July, enhancing passenger connectivity to Italy.
Read full story