Over eight million tourists in Dubai in the first half of the year
India alone draw almost 1 million visitors to Dubai, particularly noteworthy given the severe air traffic and seat capacity challenges due to geopolitical volatilities.
Riyadh’s midscale hotel sector providing the greatest opportunity for developers
Riyadh’s midscale hotel sector providing the greatest opportunity for developers, says Drees & Sommer
MENA: Lower revenues, higher costs sink profits
2018 was a bruising year for hotels in the Middle East & North Africa, as an intersection of oversupply, political fallout and macro-economic worry challenged profitability.
Over half a million tourists visited Lebanon in Q2 2019, 12 percent more than 2018
Summer season is turnkey when it comes to boosting the number of arrivals to the country, and stakeholders are positive.
Halal food market to reach USD 3 trillion in 2024
Benefits associated with the consumption of halal food are driving this market forth. These are increasing the consumption and acceptance of halal food among non-Islamic communities.
Global market of dark chocolates growing faster than milk chocolates
Owing to various health benefits and increased awareness among people regarding dark cocoa chocolates is expected to propel the demand for dark chocolates.
20 percent growth in the global truffle market until 2023
Black truffle was the largest segment within the overall market in 2018 and would remain so until 2023. White truffles market will also grow.
MENA hotel rate jump insufficient
According to one of Hotstats‘ latest reports, the almost double-digit uptick in average room rates, year-over-year profit per room at Middle Eastern and North African hotels dropped in May by GOPPAR 2.4% even though average room rates rose 9.7% to $183.70, a high for the year. The rise in ARR...
UAE ice cream market to reach USD 142 million in 2021
IFFCO Group leads the market with a USD 44 million revenue. It distributes London Dairy, Igloo and Quanta. Mars GCC is second with a USD 16 million.
