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.
A research prepared by STR and the Kuwait Hotel Owners Association (KHOA), sheds light on the effects of the pandemic on the local hospitality market, and highlights the upcoming recovery scenarios.
KSA has moved to market itself as a global tourism destination with speed and ambition. Philip Wooller, area director, Middle East & Africa at STR, and speaker at the recent Saudi Arabia Hospitality Investment Conference in Riyadh, tracks the Kingdom’s achievements to date and plans for the future in an operating climate now facing unprecedented challenges.
Where are we now in the midst of this pandemic? What does the future have in store for the global economy? These are just two of many questions we’re all asking as COVID-19 slowly dismantles the international hospitality sector. As we wrestle with the challenges, our trusted consultants guide us...
Tough trading conditions have been the norm for the Middle East hotel industry over the past five years. A drop in oil prices that began in 2014 inevitably led to an economic slowdown for oil-dependent countries, including Bahrain. Kostas Nikolaidis, Middle East & Africa executive, tracks the kingdom’s early stages of revival and shares his thoughts on where it goes from here