Halal food market to reach USD 2 trillion by 2025

Halal food market to reach USD 2 trillion by 2025

The global halal food market is expected to reach USD 2 trillion by 2025, according to a new report by Grand View Research, Inc. The global halal food industry is expected to witness significant growth over the forecast period owing to increasing Muslim population and their substantially increasing expenditure on food and non-beverages, which...

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1.5 million visitors to Lebanon in the first nine months of 2017

1.5 million visitors to Lebanon in the first nine months of 2017

  Almost 1.5 million tourists have visited Lebanon in the first nine month of the year, according to the latest statistics released by the Ministry of Tourism (MoT).   Summer season (July-August-September) was also better than last year, with a 7.5 percent increase year-on-year, from 579,500 to 623,400 this year....

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Beirut leading occupancy growth in the first nine months of the year

Beirut leading occupancy growth in the first nine months of the year

Hotel occupancy in Beirut in the first nine months of the year stood at 65.2 percent, a 6.3 percent growth y-o-y, according to EY’s Middle East Hotel Benchmark Survey Report September 2017. This positions the Lebanese capital on top of the occupancy growth in the region.   This is mainly...

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Global fermented non-dairy, non-alcoholic beverages market to reach USD 1.6 billion this year

Global fermented non-dairy, non-alcoholic beverages market to reach USD 1.6 billion this year

Transparency Market Research (TMR), in one of its recent publications, observes the global fermented non-dairy non-alcoholic beverages market to be largely consolidated and is likely to stay this way going ahead too. However, the dominance of a few established players renders competition in the global fermented non-dairy non-alcoholic beverages market. To outpace...

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Tourists spending seven percent up in Lebanon this summer

Tourists spending seven percent up in Lebanon this summer

According to Global Blue’s ‘Insights into tourist spending Q3’ report, the tourist spending increased by seven percent in Q3 2017 compared to Q3 2016.   “Summer 2011 was the peak, and comparing this summer’s results to that of 2011, we are still below by – 18.27 percent,” Joe Yacoub, Lebanon...

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83 new hotels to launch in the UAE in 2018

83 new hotels to launch in the UAE in 2018

As the region’s largest and longest-standing hospitality event draws to a close for 2017, forecasters have revealed that 2018 is expected be hugely eventful for the UAE’s hospitality industry – with no less than 83 new hotels set to open. The latest Middle East and Africa Hotel Construction report by...

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UAE’s hospitality projects value crosses USD 72 billion in Sept 2017

UAE’s hospitality projects value crosses USD 72 billion in Sept 2017

  The total value of 543 active hospitality projects in the UAE reached US$71.6 billion at the beginning of September 2017, according to BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region.   The hospitality sector constitutes six percent of...

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Positive tourism insights in Lebanon

Positive tourism insights in Lebanon

“We have reached a new phase in tourism in Lebanon, and if we maintained the same pace, we will reach two million visitors, just 10 percent less than the best performing years we’ve witnessed,” said the Lebanese Minister of Tourism, Avedis Guidaanian during a visit to the Presidential Palace today....

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UNWTO: Middle East tops international tourism in H1 2017

UNWTO: Middle East tops international tourism in H1 2017

Visitor numbers reported by destinations around the world reflect strong demand for international travel in the first half of 2017, according to the latest UNWTO World Tourism Barometer.   Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained...

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Tourism in the land of the Pharaohs

Tourism in the land of the Pharaohs

Tourism in the Land of the Pharaohs   Egypt’s tourism industry has historically accounted for about 13 percent of the economy and corresponding levels of employment. While the country’s political instability and social upheaval have severely affected its hospitality industry, the country can still capitalize on the sector’s traditional role...

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