Thursday 12, February 2009 by

More room at the inn

Deloitte has confirmed what everybody thought. A five-year run of double-digit revenue per available room (revPAR) growth for hotels in the Middle East has come to an end as the global economic slowdown starts to be felt in the region. Growth, according to Deloitte, started to decelerate in September and dipped into the red during the month of December – dropping by 3.2 per cent.

Features & Analyses

Commercial Banking Bank of Khartoum's Big Moves

Bank of Khartoum, a true leader in its market, is setting its sights farther, expanding to Bahrain and exploring opportunities in… read more