RAKTDA boasts Emirate’s highest hotel occupancy at 80 percent

RAKTDA boasts Emirate’s highest hotel occupancy at 80 percent

Haitham Mattar, CEO of RAKTDA said: “We’ve had a strong start to the year which is important as we look towards our goal of one million visitors by the end of 2018.”

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Syrian ‘Globe Shoppers’ cover drops in GCC tourist spending

Syrian ‘Globe Shoppers’ cover drops in GCC tourist spending

Those Syrians belong to upper social classes and have stronger purchasing power.

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ATM: GCC tourism infrastructure to get USD 56 billion in investments by 2022

ATM: GCC tourism infrastructure to get USD 56 billion in investments by 2022

Backed by Dubai-based DP World, Hyperloop One has the potential to transport approximately 3,400 people an hour, 128,000 people a day and 24 million people a year.

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24.6 million EU residents will travel to the GCC between 2018 and 2020

24.6 million EU residents will travel to the GCC between 2018 and 2020

According to Arabian Travel Market’s (ATM) research partner, Colliers International, arrivals from Europe to the GCC will increase 17 percent over the period 2018 to 2020. Data shows that 24.6 million EU residents will travel to the GCC between now and 2020, an additional four million travellers when compared to...

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The global halal food market to reach USD 740 billion by 2025

The global halal food market to reach USD 740 billion by 2025

The global halal food market is expected to reach USD 739.59 billion by 2025, according to a new report by Grand View Research, Inc.  The industry was valued at USD 436.8 billion in 2016. This growth is linked to the increasing Muslim population and their substantially increasing expenditure on food & non-beverages, which is...

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9 tips from WTTC to manage overcrowded tourism destinations

9 tips from WTTC to manage overcrowded tourism destinations

In 2017, travel and tourism contributed nearly $7.9 trillion to the global economy, or 10.2 percent of global gross domestic product (GDP). With the world getting richer, one billion more people will be in the global middle class by 2030. Travel is also becoming more accessible, which is expected to...

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Travelkoin launches disruptive blockchain-based software allowing travel suppliers to pay each other directly

Travelkoin launches disruptive blockchain-based software allowing travel suppliers to pay each other directly

Travel industry veterans, Bjorn Harvold and Martin Struschka, the technical minds behind innovative companies such as Traveliko and ICS Travel Group, created a new technology that leverages the low-cost efficiency of Blockchain for the travel industry. Fittingly named Travelkoin, the platform utilizes a stable, transferrable cryptocurrency to address the two...

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Mobile bookings in Saudi Arabia jumped 116 percent compared to 2016, revealed Cleartrip data

Mobile bookings in Saudi Arabia jumped 116 percent compared to 2016, revealed Cleartrip data

The online travel sector in the GCC grew nine percent in 2017, reveals Cleartrip, one of the leading mobile and online travel companies in the Middle East, in its 2017 Travel Insights Report. The report, which derives insights from the company’s proprietary data and the data from over 400 partner...

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