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

Islamic Finance Ensuring financial inclusion

The Global Islamic Economy Summit, set for the 5-6 October, will heavily stress the importance of financial inclusion to the future… read more