Despite the pandemic headwinds that the global hospitality industry has had to contend with over the past two years, new hotel development in prime tourism destinations in Saudi Arabia, Qatar, Oman and the UAE, remains substantial even by global standards.
European travellers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post pandemic tourist industry recovery.
The nominal gross domestic product (GDP) of the six Gulf countries, which together constituted about 60 percent of the total Arab region’s GDP in 2020, is projected to return to positive growth this year.
LEVA Hotels & Resorts has pledged its support to the hospitality industry by continuing expansion across the GCC, Africa and Europe.
Swiss-Belhotel International is all set to open four new hotels in the GCC during the first half of of this year.
GCC tourists to Egypt will spend USD2,36 billion this year, an increase of 11 percent over 2019, with visitors from Saudi Arabia driving this growth, according to new data published ahead of Arabian Travel Market (ATM) 2020, which takes place at Dubai World Trade Centre from April 19-22.
Nordic tourists travelling to the GCC from Denmark, Norway, Sweden, Finland and Iceland, are expected to generate an estimated USD810 million in travel and tourism revenue by 2024, according to data published ahead of Arabian Travel Market (ATM) 2020, which takes place at Dubai World Trade Centre from April 19-22.
The number of Chinese tourists travelling to the GCC is expected to increase 54 percent from 1,4 million in 2018 to 2,2 million in 2023, growing at a Compound Annual Growth Rate (CAGR) of 4,8 percent, according to data published ahead of Arabian Travel Market (ATM) 2020.
Germany’s second biggest city Hamburg is becoming one of the favourite European travel destinations for Gulf travellers, with an increasing number of new and exciting experiences and events for both the young and the old to enjoy in the Hanseatic city.