Rezidor Hotel Management Company Registers Decline
Published by Irhal
The international hotel management company Rezidor reported key indicators declined in both the Middle East and internationally in the second quarter of the year. The slowdown was less pronounced in the Middle East than in other regions. Revenue per available room (RevPar) decreased 15.2% in the Middle East and Africa between April and June 2009. Globally Rezidor’s RevPar declined 22.9%. Saudi Arabia was…
Saudi Arabia was Rezidor’s best performing market based on RevPar with an 11% increase. Occupancy levels in the Middle East and Africa fell 5.5% in the second quarter and the drop globally was 10.8%.
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