Six percent growth in international tourism in the first four months of 2018
Confidence in global tourism remains strong according to the latest UNWTO Panel of Tourism Experts survey.
Cost cutting drives profit growth in Middle East and Africa hotels
As a result of the movement in revenue and costs, profit conversion at hotels in the Middle East & Africa was recorded at a punchy 43 percent of total revenue.
The global halal food market to reach USD 740 billion by 2025
The global halal food market is expected to reach USD 739.59 billion by 2025, according to a new report by Grand View Research, Inc. The industry was valued at USD 436.8 billion in 2016. This growth is linked to the increasing Muslim population and their substantially increasing expenditure on food & non-beverages, which is...
STR: Negative hotel performance in Middle East hotels in Q2 2018
Hotels in Africa posted growth across the three key performance metrics.