News Summary

• UAE city hotels have had to cut room rates by 15% to 20% in August and September to keep occupancy within 5% of target.
• Leisure travelers have been quicker to return to Gulf resorts, while corporate travel, which is more important for city hotels, has lagged.
• The same pattern shows up in Saudi Arabia, where Jeddah and Riyadh trail last year on weaker corporate business.
• Accor operates 380 hotels and more than 101,000 keys in the Middle East, Africa and Turkey.