UK’s ‘Red List’ could cause Egypt USD 2M of daily losses
WTTC said this is due to fears over the additional costs incurred on expensive hotel quarantine for 10 days on arrival back in the UK.
IATA: 2020 was the worst year 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.
Could the global economy lose USD 4 trillion?
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.
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.
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.
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.
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.
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.
GCC residents to travel internationally post COVID-19
The survey was conducted among residents and citizens of the United Arab Emirates and Saudi Arabia in order to understand their sentiment towards travel during the COVID-19 pandemic.
How will food e-commerce grow in the coming years?
Millennials with the highest spending power are looking for convenient and personalized ways to consume, and consume more.
