Oman tourism arrivals to increase CAGR 13 percent to 2021

Oman tourism arrivals to increase CAGR 13 percent to 2021

Tourism arrivals to Oman will increase at a compound annual growth rate (CAGR) of 1 percent between 2018 and 2021, according to data released by Colliers, ahead of the Arabian Travel Market 2018 (ATM), which will take place at Dubai World Trade Centre from April 22-25. The data predicts the...

Read more
Demand for specialty coffee shops is growing in the UAE

Demand for specialty coffee shops is growing in the UAE

According to Research And Markets’ the ‘UAE Coffee Chain Market by Regions (Dubai, Abu Dhabi, Sharjah and rest of UAE), by Organized and Unorganized, by Food and Beverages – Outlook to 2021’ report the market has seen a shifting preference for modern coffee shops where people could sit and relax with a cup of coffee....

Read more
The UAE and KSA continue to lead GCC luxury hospitality market

The UAE and KSA continue to lead GCC luxury hospitality market

The UAE will continue to lead the GCC’s luxury hospitality segment to 2022, with 73 percent of existing luxury hotel stock and 61 percent of the region’s current luxury pipeline located in the country, according to data released ahead of Arabian Travel Market 2018, taking place at Dubai World Trade...

Read more
Middle East and Africa to deliver ‘strongest’ growth for global F&B industry to 2021

Middle East and Africa to deliver ‘strongest’ growth for global F&B industry to 2021

  The Middle East and Africa (MEA) will deliver the strongest regional growth for the international food and beverage (F&B) industry, with Asia Pacific also holding ‘enticing’ prospects, according to the newly-released Gulfood Global Industry Outlook Report. The independent report was commissioned by Dubai World Trade Centre (DWTC) for the...

Read more
Dubai’s spa inventory to increase by almost 11 percent CAGR to 2021

Dubai’s spa inventory to increase by almost 11 percent CAGR to 2021

The number of five-star hotel spas in Dubai is on track to increase by a Compound Annual Growth Rate (CAGR) of 10.7 percent to 2021, according to data released by Colliers International ahead of the 25th edition of Arabian Travel Market, taking place at Dubai World Trade Centre, from April...

Read more
Over 40 hotels set to open in Morocco in the next three years

Over 40 hotels set to open in Morocco in the next three years

According to the Tophotelconstruction database, 10 new hotel projects will debut in Morocco in 2018. They will be followed by 11 in 2019, six in 2020, and 17 in 2021. 64 percent of these projects fall into the luxury designation while another 36 percent are considered to be first class.  ...

Read more
GCC F&B market set to grow to USD 196 billion by 2021

GCC F&B market set to grow to USD 196 billion by 2021

The food and beverage sector in GCC countries is expected to continue to grow at a seven percent annual rate, reaching USD 196 billion by 2021, from the current USD 130 billion, according to MENA Research Partners.   Saudi Arabia accounts for more than half of the market share, followed...

Read more
84 new hotels to open in Saudi Arabia in 2018

84 new hotels to open in Saudi Arabia in 2018

Almost 60 percent of Saudi Arabia’s current construction pipeline of 143 hotels is forecast to open in 2018, according to the ‘Saudi Arabia Hotel Construction Overview’ report by TOPHOTELPROJECTS – compiled ahead of The Hotel Show Saudi Arabia (10-12th April 2018). The report said that 84 hotels comprising 27,281 rooms will open...

Read more
Saudi hospitality sector to grow 13.5 percent per annum to 2022

Saudi hospitality sector to grow 13.5 percent per annum to 2022

  According to a new report, issued ahead of Arabian Travel Market 2018, recent reforms in Saudi Arabia – not to mention widespread investment in the Kingdom’s burgeoning tourism industry – will drive growth in the hospitality market of 13.5 percent compound annual growth rate (CAGR), higher than the established...

Read more
ATM report: Guest loyalty, smart hotels, and data mining to trend until 2022

ATM report: Guest loyalty, smart hotels, and data mining to trend until 2022

A new approach to loyalty programs, smart technology, will define the hospitality industry landscape to 2022, according to data released ahead of Arabian Travel Market 2018, which takes place at Dubai World Trade Centre from April 22-25. The predictions, published by Colliers International, indicate, a rise in ultra-personalized guest services,...

Read more