IATA: 2020 was the worst year on record for the travel industry

IATA: 2020 was the worst year on record for the travel industry

According to the IATA, the Middle East suffered the largest loss in passenger traffic, with a drop of 71.5 percent in RPKs versus 2019.

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Could the global economy lose USD 4 trillion due to the impact of Covid-19 on tourism?

Could the global economy lose USD 4 trillion due to the impact of Covid-19 on tourism?

UNCTAD and UNWTO’s report said that international tourism and its linked sectors have suffered an estimated loss of USD 2.4 trillion in 2020.

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18,000 new hotel rooms to be added to the UAE’s inventory

18,000 new hotel rooms to be added to the UAE’s inventory

The UAE benefited from a domestic-demand led recovery, in addition to a peak in international tourist arrivals late 2020.

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Why do Saudi entrepreneurs have their eyes on the restaurant sector?

Why do Saudi entrepreneurs have their eyes on the restaurant sector?

This entrepreneurialism was matched by 1 in 5 Saudi nationals saying that they would consider a career in the restaurant sector.

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JLL’s eye on Cairo’s hotel supply

JLL’s eye on Cairo’s hotel supply

When it comes to Cairo’s hotel supply, it remained stable at 23,000 keys with no additional completions in the first quarter of 2020. 

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GCC residents to travel internationally post COVID-19

GCC residents to travel internationally post COVID-19

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.

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How will food e-commerce grow in the coming years?

How will food e-commerce grow in the coming years?

Millennials with the highest spending power are looking for convenient and personalized ways to consume, and consume more.

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World smart hospitality market to reach over $12B by 2025

World smart hospitality market to reach over $12B by 2025

The market is driven by the rising internet penetration and inclination towards IoT which are encouraging the hospitality segment to offer smart solutions.

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How Coronavirus is disrupting the soft drinks and packaged food industries

How Coronavirus is disrupting the soft drinks and packaged food industries

It is still unknown how severe the crisis will be on foodservice chains, but soft drinks industry is losing massive amounts of revenue.

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HotStats MENA Annual Hotel Performance Tracker 2020: Drops in revenues and profits

HotStats MENA Annual Hotel Performance Tracker 2020: Drops in revenues and profits

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.

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