Tag Archives: Middle East

AIM Signs Memorandum of Understanding with UNWTO to boost tourism-based investments

The World Tourism Organization (UNWTO), the specialized agency of the United Nations for tourism development, and the Annual Investment Meeting (AIM), an esteemed investment platform in the Middle East, have strengthened their cooperation around common interests in tourism-related investments. The two parties will work together to harness the power of tourism to drive global development and to accelerate the implementation of the agenda 2030 and the Sustainable Development Goals (SDGS), particularly now that economies are now starting to recover from the pandemic. UNWTO and AIM, through this new Memorandum of Understanding, have formally committed to jointly support the following goals: the effective implementation of the agenda 2030 and the 17 SDGs through tourism investments, and the promotion of innovation and technology. UNWTO and AIM’s collaborative works related to investment facilitation and promotion will see them share and disseminate knowledge regarding investment policies among their stakeholders and networks and maximize foreign direct investments’ positive economic impact on the sector. UNWTO is the leading international organization in the field of tourism. It promotes tourism as a driver of economic growth, inclusive development, environmental sustainability and aims to drive the digitalization of tourism and to create an innovation and entrepreneurship ecosystem. The Organization offers leadership and support to the sector in advancing knowledge and tourism policies worldwide. AIM provides an invaluable and unparalleled opportunity for public and private entities to come together to achieve their shared vision of growth and sustainability. Anchored around the theme of “The Investment Paradigm Shift: Future Investment Opportunities To Foster Sustainable Economic Growth, Diversity and Prosperity,” this year’s AIM edition will focus on 10 key sectors that include Tourism & Hospitality, among others. In line with the two …

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Middle East airport developments entails US$151 billion in capital expenditure until 2040

After most of the multi-billion dollar airport construction projects were put on the back burner or temporarily curtailed over the past three years, operators and investors have been racing down the tarmac as the Middle East and Asia-Pacific regions are expected to account for 58 per cent of the global air passenger demand in 2040. The CAPA – Centre for Aviation, one of the world’s most trusted sources of aviation market intelligence, says there have been 425 major construction projects at existing airports, with US$450.7 billion in total committed expenditure globally, each of which is at various stages, from preparatory to about to conclude, along with 225 new airport projects and airport investor numbers swelling to 1074, including 258 airport operator groups or consortiums. Its database has region-wise listed the total numbers of the airport project and the volume of investment include 155 in Middle East worth US$209.4 billion. The Middle East region, positioned at the strategic crossroads of major economies of Asia, Africa and Europe, has transformed into a major international hub and continues to be an inspirational growth story. With over 110 airports, this is already among the fastest growing in the world, accounting for 170 million of the global traffic. Airports in the Middle East will need to invest US$151 billion in capacity expansion as the global air passenger demand is expected to increase more than two-fold in 2040. “This necessitates an investment totaling US$2.4 trillion for Middle East and Asia-Pacific airports until 2040 to accommodate this growth,” the Airport Council International said.  The ACI forecasts close to 19.7 billion passengers are expected to traverse the world’s airports by 2040 and the Middle East airports will handle …

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Latest Sojern Data sees Middle East sustaining World Cup Travel Intent

Sojern shares its latest data highlighting that the Middle East continues to build on its strong 2022 travel momentum. With relatively quick bouncebacks from COVID-19 in the UAE, and Kingdom of Saudi Arabia (KSA) seeking to secure its place on the tourist map with an ambitious visitor push, it’s looking like strong travel intent to the region will continue well into 2023. As of February, Sojern sees that 2023 flight searches are up year on year (YoY) globally; 72% from APAC, 48% from EMEA, 36% from US & Canada, 30% from LATAM and 23% from Caribbean. With last year’s FIFA World Cup boosting travel recovery in the region, Sojern looks at the current state of play for travel now that the tournament dust has settled. Demand for Regional Hotels Up on 2019 Levels in Many Middle Eastern Countries Several recent reports highlight that Middle East destinations are leading global travel recovery, in part boosted by Dubai’s 2020 Expo and last year’s World Cup. Sojern’s latest lodging data supports this positive picture and sees that 2023 interest from most origins to the region is high and even above January 2019 levels. Inbound travel demand from African, Asia-Pacific (APAC), and Latin American (LATAM) markets continue to grow with KSA showing one of the most marked increases in demand. The country sees a 541% increase in 2023 versus 2019 international lodging searches from Africa, 358% from Europe, 279% from LATAM, 251% from the United States and 2,547% from Canada. This uplift suggests that their tourist ambitions to draw 100 million visitors annually by the end of the decade appear to be off to a strong start. Qatar continues to ride the World Cup …

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Aleph hospitality to develop and operate Fauchon branded hotels in the Middle East and Africa

Dubai headquartered Aleph Hospitality has announced its partnership with France based Fauchon Hospitality at a recent signing ceremony in Paris. The agreement names Aleph Hospitality as the exclusive developer and operator of the glamourous Fauchon L’Hôtel portfolio in the Middle East and Africa. Founded in 1886 by Auguste Fauchon, the world-renowned Fauchon brand is a luxury contemporary gastronomy leader with a unique French DNA, comprising a collection of over 100 retail boutiques, gourmet cafes and restaurants in 50 countries. In 2018, Fauchon opened its first luxury boutique hotel, Fauchon L’Hôtel Paris, followed by Fauchon L’Hôtel Kyoto in 2021 as the Parisian brand’s first international hotspot. Today, Fauchon Hospitality has five glamourous boutique hotels in the pipeline with the aim to become a global hospitality company with a luxury collection of 20 hotels by 2030. Bani Haddad, Founder and Managing Director of Aleph Hospitality, said: “We are well aware that an opportunity of this grandeur doesn’t happen very often. We are excited and humbled to be partnering with Fauchon Hospitality. We look forward to delivering the brand’s legendary glamorous Parisian ‘art the vivre’ experience to hotel guests in the Middle East and Africa. We believe the region has tremendous potential for the aspirational and sophisticated brand experience offered by Fauchon L’Hôtel.” With a focus on cosmopolitan cities and luxury leisure destinations, the Fauchon L’Hôtel portfolio will comprise boutique hotels, retreats, beach clubs and residences in exceptional locations with superior culinary concepts and indulgent private services beyond the usual five-star hospitality experience. The unique brand promise and concept is centered around the acronym ‘GLAM’: Gourmet, featuring Fauchon’s bespoke reinvented in-room mini bar, the Gourmet Bar; Location for a lively and luxurious lifestyle; …

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Middle East recorded an increase in arrivals climbing 83% of pre-pandemic numbers: UNWTO

According to new data UNWTO, more than 900 million tourists travelled internationally in 2022 – double the number recorded in 2021 though still 63% of pre-pandemic levels. Every global region recorded notable increases in international tourist numbers. The Middle East enjoyed the strongest relative increase as arrivals climbed to 83% of pre-pandemic numbers. Europe reached nearly 80% of pre-pandemic levels as it welcomed 585 million arrivals in 2022. Africa and the Americas both recovered about 65% of their pre-pandemic visitors, while Asia and the Pacific reached only 23%, due to stronger pandemic-related restrictions which have started to be removed only in recent months. The first UNWTO World Tourism Barometer of 2023 also analyses performance by region and looks at top performers in 2022, including several destinations which have already recovered 2019 levels. After stronger than expected recovery in 2022, this year could see international tourism arrivals return to pre-pandemic levels in the Middle East and Europe. Tourists are nonetheless expected to increasingly seek value for money and travel closer to home in response to the challenging economic climate. Based on UNWTO’s forward-looking scenarios for 2023, global international tourist arrivals could reach 80% to 95% of pre-pandemic levels this year, depending on the extent of the economic slowdown, the ongoing recovery of travel in Asia and the Pacific and the evolution of the Russian offensive in Ukraine, among other factors. UNWTO anticipates a strong year for the sector even in the face of diverse challenges including the economic situation and continued geopolitical uncertainty. UNWTO Secretary-General Zurab Pololikashvili said: “A new year brings more reason for optimism for global tourism. UNWTO anticipates a strong year for the sector even in the face …

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Radisson Hotel Group cements presence in Middle East with a growing portfolio of 77 hotels in operation and under development in Middle East

The Group announced tenacious expansion plans as it sets to add over 5,000 keys to its expansive portfolio in the next five years. After two successful years of record-breaking signings and key developments, Radisson Hotel Group continues to focus on the Middle East region, with the Kingdom of Saudi Arabia (KSA) and United Arab Emirates (UAE) remaining its core markets. The Group has ambitious plans to sign at least five hotels and open more than 1000 keys within the next 12 months. In the UAE, Radisson Hotel Group is set to open the highly-anticipated resort Radisson Beach Resort Palm Jumeirah this year, following the successful opening of Radisson Resort Ras Al Khaimah on Marjan Island, earlier this year as the first Radisson Resort in the Middle East. As part of the Group’s aim to strengthen its resort portfolio, the property will open its doors at West Beach, Palm Jumeirah, one of the most buzzing destinations in Dubai. The most recent opening of Radisson Hotel Riyadh Airport marked the Group’s first Radisson branded property in Riyadh, KSA. June saw the opening of Mansard Riyadh, A Radisson Collection Hotel, which is the luxury lifestyle brand’s second hotel in the city, further enhancing its collection of city and leisure hotels across Riyadh. With a robust pipeline in place, the Group now has over 25 hotels and serviced apartments in operation and under development in the Kingdom, including the upcoming openings of Radisson Blu Hotel, Riyadh Convention and Exhibition Center, and Park Inn by Radisson hotels in Makkah’s Thakher City Development. Commenting on the Group’s expansion plans in the region, Elie Milky, Vice President Development for the Middle East, Pakistan, Cyprus and Greece, Radisson …

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Middle Eastern airlines’ traffic rose 246.5% in June compared to June 2021

According to the latest passenger data shared by the International Air Transport Association (IATA) for June 2022 shows that the recovery in air travel remains strong. Middle Eastern airlines’ traffic rose 246.5% in June compared to June 2021. June capacity rose 102.4% versus the year-ago period, and load factor climbed 32.4 percentage points to 78.0%. Total traffic in June 2022 (measured in revenue passenger kilometers or RPKs) was up 76.2% compared to June 2021, primarily propelled by the ongoing strong recovery in international traffic. Globally, traffic is now at 70.8% of pre-crisis levels. Domestic traffic for June 2022 was up 5.2% compared to the year-ago period. Strong improvements in most markets, combined with the easing of some Omicron-related lockdown restrictions in the Chinese domestic market, contributed to the result. Total June 2022 domestic traffic was at 81.4% of the June 2019 level. International traffic rose 229.5% versus June 2021. The lifting of travel restrictions in most parts of Asia-Pacific is contributing to the recovery. June 2022 international RPKs reached 65.0% of June 2019 levels. “Demand for air travel remains strong. After two years of lockdowns and border restrictions people are taking advantage of the freedom to travel wherever they can,” said Willie Walsh, IATA’s Director General. Asia-Pacific airlines had a 492.0% rise in June traffic compared to June 2021. Capacity rose 138.9% and the load factor was up 45.8 percentage points to 76.7%. The region is now relatively open to foreign visitors and tourism which is helping foster the recovery. European carriers’ June traffic rose 234.4% versus June 2021. Capacity rose 134.5%, and load factor climbed 25.8 percentage points to 86.3%. International traffic within Europe is above pre-pandemic levels in …

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Middle East record +157% strong growth: UNWTO

According to the latest UNWTO World Tourism Barometer, international tourism saw a strong rebound in the first five months of 2022, with almost 250 million international arrivals recorded. This compares to 77 million arrivals from January to May 2021 and means that the sector has recovered almost half (46%) of pre-pandemic 2019 levels. The strong growth in the Middle East (+157%) and Africa (+156%) remained 54% and 50% below 2019 levels respectively, and Asia and the Pacific almost doubled arrivals (+94%), though numbers were 90% below 2019, as some borders remained closed to non-essential travel. Here, the recent easing of restrictions can be seen in improved results for April and May. Rising tourism spending out of the major source markets is consistent with the observed recovery. International expenditure by tourists from France, Germany, Italy and the United States is now at 70% to 85% of pre-pandemic levels, while spending from India, Saudi Arabia and Qatar has already exceeded 2019 levels. In terms of international tourism receipts earned in destinations, a growing number of countries – the Republic of Moldova, Serbia, Seychelles, Romania, North Macedonia, Saint Lucia, Bosnia & Herzegovina, Albania, Pakistan, Sudan, Türkiye, Bangladesh, El Salvador, Mexico, Croatia and Portugal – have fully recovered their pre-pandemic levels. “The recovery of tourism has gathered pace in many parts of the world, weathering the challenges standing in its way”, said UNWTO Secretary-General Zurab Pololikashvili. At the same time, he also advises caution in view of the “economic headwinds and geopolitical challenges which could impact the sector in the remainder of 2022 and beyond”.

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Top 12 hotel booking revenue makers of 2021 in the Middle East revealed by SiteMinder

SiteMinder, the world’s leading open hotel commerce platform unveiled the lists of distribution channels that over the past year brought the highest booking revenue to hotels in the Middle East and more than 20 other of the world’s most popular tourism destinations. The list for the Middle East—in line with global trends—reveals a more holistic online commerce strategy, consisting of both new and established methods, is being taken by hotel businesses to reach new customers and produce revenue. This holistic commerce strategy consists of a greater balance between direct and indirect revenue streams, with direct bookings retaining the third position in the Middle East. Globally, direct bookings now rank as one of the top two revenue drivers in more than half (12) of global markets—up from five markets last year and two in 2019—driven by increased investments in booking engines, hotel websites, metasearch, frictionless payments, support from hotel consultants and specialist applications designed for conversion. This year’s lists also feature 29 new distribution channels—including TBOHolidays and Airbnb in the Middle East—reflecting the current aptitude among hotels to embrace new revenue streams in their pursuit of new customers. Additionally, the lists increasingly feature Airbnb, which debuted in the Middle East’s list and two others, and rose in 12 additional markets, in spite of the channel being made available to traditional hospitality businesses only four years ago. Other major findings supporting a greater adoption of a holistic hotel commerce strategy included: The maintained relevance of regional channels, particularly in locations with ongoing reduced international travel. This was exemplified in the Middle East by Dubai-headquartered Destinations of the World by WebBeds. The ongoing importance of wholesalers for many accommodation providers, with leading bedbank …

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Botswana Tourism sets eyes on the Middle East Market at the Expo 2020 Dubai

Amidst optimism and hope in reviving the tourism sector, Botswana Pavilion, on 19th January 2022, held official press briefing to announce the Botswana Tourism Month at the Expo 2020 Dubai. Set to be on display until the 8th  of February 2022, the one-of-a-kind showcase promises to highlight the Southern African country as a globally competitive force in tourism with a rich natural resource base and investment potential. The exhibition will shine a spotlight on Botswana’s diverse culture, its food, song, dance and the long-standing principles of sustainability. Participating delegates included Botswana’s Honourable Minister of Environment, Natural Resources Conservation and Tourism, Ms. Philda Kereng, her Permanent Secretary Dr Oduetse Oldman Koboto alongside Botswana Tourism Organisation’s Acting Chief Executive Officer – Ms. Tshoganetso Carl-Ponoesele. Also present on the occasion were officials from Botswana’s government entities and Botswana’s finest tourist operators hoping to share the travel packages on offer and potential investment projects with investors and travellers seeking to learn about the country’s opportunities first-hand. Speaking at the engagement, The Honourable Minister of Environment, Natural Resources Conservation and Tourism, Ms. Philda Kereng said, ‘Botswana is known for its exclusive experiences, dramatic wildlife encounters, picturesque landscapes and off-grid vacations. The country boasts two UNESCO World Heritage Sites – Tsodilo Hills with the rock art filled spiritual sites, and the Okavango Delta which is the desert’s unexpected wetland wonder.’’ It is not by coincidence that Botswana hosts the world’s largest elephant population. The country’s high-value and low-volume tourism escapades are focused on minimising the negative environmental impacts. Botswana has also seen substantial growth in business and investment opportunities due to its stable political environment. Furthermore, in the advent of COVID-19, the Government of Botswana together …

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