As part of the STR 500, the company released the top 50 companies and brands in the Middle East during Arabian Hotel Investment Conference (AHIC) in RAK.
It’s been tough sledding for hotels in the Middle East & North Africa. February marked the sixth consecutive month of year-over-year profit decline, in spite of a slight rise in RevPAR, according to the latest data tracking full-service hotels from HotStats. GOPPAR (Total Gross Operating Profit) for the month declined...
The significant growth in the Cairo’s hospitality sector performance is mainly attributed to the country’s improved political stability, lift of flight bans to Egypt and focused efforts on tourism marketing and campaigns globally.
Abu Dhabi has seen huge advances across all areas of tourism sectors, including the cultural, business, family-focused and medical sectors, with the cruise sector providing more than 350,000 visitors to the emirate in 2018.
Looking to acquire their share of these high-growth markets at ATM 2019, will be the tourism boards from the UAE’s seven emirates.
Saudi Arabia represents the largest market, holding the majority of the MENA extruded snack food market share. It is followed by UAE, Egypt, and Iran.
Medical tourism is mainly driven by cosmetic treatment which represents more than two-fifths of the total market share in 2017.