IATA: 2020 was the worst year on record for the travel industry

IATA: 2020 was the worst year on record for the travel industry

According to the IATA, the Middle East suffered the largest loss in passenger traffic, with a drop of 71.5 percent in RPKs versus 2019.

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Could the global economy lose USD 4 trillion due to the impact of Covid-19 on tourism?

Could the global economy lose USD 4 trillion due to the impact of Covid-19 on tourism?

UNCTAD and UNWTO’s report said that international tourism and its linked sectors have suffered an estimated loss of USD 2.4 trillion in 2020.

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Eye on the UAE’s restaurant scene post Covid-19

Eye on the UAE’s restaurant scene post Covid-19

Trends highlighted by the report include the rise of online ordering, cloud kitchen and the relevance of tech in the F&B space.

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WTTC: Over 100M tourism jobs could be recovered in 2021

WTTC: Over 100M tourism jobs could be recovered in 2021

WTTC’s research revealed that in the best-case scenario, travel and tourism’s contribution to global GDP will fall to USD 7.4 trillion.

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Why 2020 was the worst year in the history of tourism

Why 2020 was the worst year in the history of tourism

The collapse in international travel represents an estimated loss of USD 1.3 trillion in export revenues – more than 11 times the loss recorded during the 2009 global economic crisis.

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18,000 new hotel rooms to be added to the UAE’s inventory

18,000 new hotel rooms to be added to the UAE’s inventory

The UAE benefited from a domestic-demand led recovery, in addition to a peak in international tourist arrivals late 2020.

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16,000 hotel rooms in Riyadh as per JLL

16,000 hotel rooms in Riyadh as per JLL

It is expected that the construction activity will speed up while improving infrastructure, and increasing the number of hotel rooms in line with Vision 2030.

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JLL’s eye on Cairo’s hotel supply

JLL’s eye on Cairo’s hotel supply

When it comes to Cairo’s hotel supply, it remained stable at 23,000 keys with no additional completions in the first quarter of 2020. 

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KSA and UAE’s F&B market to surpass USD 80B this year

KSA and UAE’s F&B market to surpass USD 80B this year

Rising health awareness, product differentiation, and convenience of online food platforms are key factors to drive the F&B market in the KSA and UAE

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How messaging platforms got more elemental than ever

How messaging platforms got more elemental than ever

During the month of March 2020 alone, messaging increased by more than 50 percent in many of the countries hardest hit by the global health crisis, according to the latest data from Facebook.

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