International tourism at highest level since 2010
China continues to lead global outbound travel, having spent USD 258 billion on international tourism in 2017.
MENA’s extruded snack market to reach USD 2.5 billion in 2023
Rapid industrialization and urbanization have resulted in a significant shift towards western food cultures.
415 new properties are under development in the Middle East as per STR
In the Middle East, the UAE leads the projects under development in the region, with a total of 50,000 new rooms under construction.
14 percent growth in Ajman hotels guests stays in the first half of 2018
Average return on a hotel room in the first half of this year grew by 20 percent compared to the first half of 2017.
Canned food market to reach over USD 500 million in 2022 in Saudi Arabia
The primary drivers of canned food market in future will be the increasing urban population in Saudi Arabia.
Cost cutting drives profit growth in Middle East and Africa hotels
As a result of the movement in revenue and costs, profit conversion at hotels in the Middle East & Africa was recorded at a punchy 43 percent of total revenue.
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...
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...
Abu Dhabi leads regional occupancy growth
Jeddah (USD 266) had the most expensive night in H1 2018.