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.
It is still unknown how severe the crisis will be on foodservice chains, but soft drinks industry is losing massive amounts of revenue.
The region’s prospects for a bounce-back performance in 2020 were all but dashed by the advent and spread of the coronavirus, which is laying waste on the global hospitality industry.
“It’s important to remember that fatality rates remain very low and the chances of contracting the virus are remote if they travel responsibly”
LCCs are predicted to continue to chip away at their bigger rivals’ market share, with Saudia’s LCC subsidiary, flyadeal, leading this trend.
The three-day Gulfood Innovation Summit brings together players from across the industry to examine the challenges and opportunities in the F&B market.
The global hotel industry gained an interest in KSA with a number of international and regional brands looking to expand their presence across the Kingdom.