With travelers seeking out better lodging experiences and affordable deals, cheap, chic offerings are proving to be the new industry disruptors, as Nada Alameddine, managing partner at Hodema Consulting Services, explains.
As the Ukraine war is dragging on into another year, so are the economic troubles of Egypt, highly dependent on imports of wheat and all types of non-food commodities. The Egyptian treasury market was also badly hit, as investors withdrew billions of dollars. The Central Bank could not prevent inflation from reaching an annual surge of 33.9 percent in March, with the Egyptian pound plunging to unprecedented levels. Nada Alameddine, managing partner at Hodema Consulting Services, explains the country’s current state and forecasts its future.
Despite multiple crises in Lebanon since 2019, the private sector has demonstrated remarkable resilience, indicating a potential recovery that could be further bolstered by positive political developments. This anticipated comeback holds the promise of renewed growth and prosperity. Chadi Chidiac, managing partner of Protocol Hospitality Management and Consultancy, tells us more.