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.
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.
The UAE benefited from a domestic-demand led recovery, in addition to a peak in international tourist arrivals late 2020.
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
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.
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.
The market is driven by the rising internet penetration and inclination towards IoT which are encouraging the hospitality segment to offer smart solutions.