In 2020, the tourism sector grappled with what has been described as a “black swan event” — the Covid-19 pandemic. Kostas Nikolaidis, Middle East and Africa executive for STR, explores the way in which the UAE has responded to the threat and supported the hospitality industry.
Tim Cordon: Those who understand the new definition of ‘normal’, will be able to benefit from new opportunities.
He explained that many countries in the Middle East have already started to see a recovery in the fourth quarter of 2020.
HN tries to highlight the experience of long stay hotels in the region and how did they mitigate the impact of the crisis.
By conducting a thorough analysis of utility costs, the hotel can find areas where costs can be reduced by employing more energy-efficient automation technologies.
According to WTTC’s 2020 Economic Impact Report, Travel & Tourism was responsible for one in 10 jobs (330 million in total), making a 10.3 percent contribution to global GDP and generating one in four of all new jobs.