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Air Arabia announced record financial results for the full year ending December 31, 2023. The airline has achieved double-digit growth in profitability and passenger numbers, showcasing its commitment to growth plans and exceptional financial and operational performance. Air Arabia has reported a record net profit of AED 1.5 billion for the full year ending December 31, 2023; representing a 27 per cent increase compared to the AED 1.2 billion recorded in 2022. Moreover, the airline’s turnover for the same period reached AED 6 billion, reflecting a 14 per cent increase compared to the AED 5.2 billion registered in 2022. Full Year 2023 Performance: AED FY 2023 FY 2022 % Revenue AED 6 billion AED 5.2 billion 14% Passenger Numbers*all hubs* 16.7 million 12.8 million 31% Seat Load Factor 80% 80% – Net Profit AED 1.54 billion AED 1.2 billion 27%   Air Arabia’s Board of Directors proposed a dividend distribution of 20 per cent of share capital, which is equivalent to 20 fils per share. This proposal was made following a meeting of the board of directors of Air Arabia and is subject to ratification by Air Arabia’s shareholders at the company’s upcoming Annual General Meeting.   Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, said: “2023 has been a remarkable year for the airline. Air Arabia has successfully maintained its growth momentum from the previous record-breaking year and achieved exceptional financial and operational results. The significant milestones attained in terms of growth, revenue, and profitability serve as a testament to Air Arabia’s robust business model, competent management team, and effective growth strategy.” He continued: “Despite the numerous geopolitical and economic challenges faced by the global aviation industry, the …

Etihad Airways published its preliminary traffic statistics for January 2024 where the carrier welcomed more than 1.4 million guests onboard and saw its load factor average out at 86.04 per cent across the month. “In January 2024 we saw a 35 per cent year-on-year growth in customer numbers and were flying to five more destinations than the same period in 2023, making us one of the fastest growing airlines in the world,” said Antonoaldo Neves, CEO of Etihad Airways. “We are meeting customer demand by adding more flights to key destinations, and Etihad is now offering almost 27% per cent more weekly departures for Summer 24 compared to last summer. “We began the year by launching daily flights from Abu Dhabi (AUH) to Kozhikode (CCJ) and Thiruvananthapuram (TRV) in the Kerala region of India taking our total number of Indian gateways to 10. “We are proud to have welcomed 1.4 million guests to our new home, Abu Dhabi’s Zayed International Airport, and we eagerly anticipate introducing more of the world to both the new airport and the onboard Etihad experience throughout 2024, as our network and frequencies continue to expand.”

According to Wego’s data there is a surge in flight bookings 11.37% YoY increase in international flight bookings for the travel period between November 2023 and January 2024, as more MENA travellers are flying this winter compared to last year. Wego also observed that there’s been a steady rise in booking numbers every year since the post-pandemic period of 2021, reflecting a growing appetite for winter travel among MENA travellers. The latest findings included this season witnesses families and travellers gearing up for winter trips, either for leisurely vacations or for expat residents to return home. In time for the holiday, Wego has identified several winter travel trends among MENA travellers. Among the top destinations this winter Cairo stands out as the top destination among MENA residents, followed closely by Jeddah, Dubai, Istanbul, and Kuwait. Major cities in the South and Southeast Asia also feature on the list, with Manila, Lahore, and Delhi in the top 10. Travel interest in these destinations may represent the homecoming trips for the Filipino, Indian, and Pakistani communities in the region. According to Wego’s data, average flight prices for some popular routes are lower this winter compared to last year. Flights to Cairo from several GCC countries notably saw some of the steepest price drops, averaging up to 35% cut compared to last year’s winter period. Moreover, these same Cairo routes are now cheaper than during this year’s summer holiday, between 5 to 43.56% decrease, depending on the departure city. Even compared to pre-pandemic rates, Cairo routes now sport cheaper price tags. For instance, the average ticket price from Riyadh to Cairo in 2023 has dropped by 112.81% compared to the winter period toward the end of …

Stella Stays revealed that 81% of residents and guests are Millennials or GenZ according to their latest data showcasing trends in purchasing power and behavioural profiles from Gen Z and Millennials renters amidst real estate industry shifts, with this audience base constituting 46% of the global population and growing. The company’s data showcases that 81% of residents and guests at Stella Stays residences are Millennials and Gen Z, the next-generation renters. With the steadfast rising cost of becoming a homeowner, Millennials and GenZ often turn to renting, despite it being a tedious and inconvenient process by traditional means, rife with inconsistencies, untrustworthy rates, lack of flexibility and limited experiences. Recognizing the unique challenges faced by this demographic, Stella Stays redefines renting from a commodity to a horizontally integrated experience that appeals to the same target audience as other tech-enabled services like Careem, Talabat, Apple and Netflix. This is achieved by offering a tech-driven flexible living platform including furnished apartments with versatile payment options including cryptocurrency, designer interiors, prime locations, community spaces and year-round modern services – mirroring the convenience of a hotel in a residential space and eradicating the inconveniences synonymous with traditional rentals. The tech-savvy, trendy and well-traveled next-gen renters view living as an experience rather than a commodity. They prefer features such as technology, indoor and outdoor community spaces, and enhanced design facets, and Stella Stays listened. From smart home systems to design upgrades with modern touches, the company prioritizes modern aesthetics and functionality. The residences’ appeal extends beyond the physical features; Stella Stays strategically creates living spaces that are social media friendly and invests in design upgrades to captivate the “Instagram-able” lifestyle of its major audience. Collaborating …

Saudi tourism statistics achieved positive results during this year, with total number of tourists (overnight visitors for all purposes) reaching (53.6 million), including (39.0 million) domestic tourists and (14.6 million) inbound tourists. The Ministry of Tourism is delighted to announce the preliminary data for the first half of 2023 tourism statistics, which demonstrates the continuous achievements following 2022’s remarkable growth within the tourism sector, in addition to informing local and international investors on the sector’s latest updates, this confirms the effectiveness of the Ministry of Tourism and its partners efforts in attracting visitors by enhancing the tourism products and quality of services, in addition to improving visa structures. Saudi tourism statistics achieved positive results during this year, with total number of tourists (overnight visitors for all purposes) reaching (53.6 million), including (39.0 million) domestic tourists and (14.6 million) inbound tourists. The total tourism spending reached (SAR150 billion), of which (SAR 63.1 billion) came from domestic tourism and (SAR 86.9 billion) from Inbound tourism, that indicates a new historical record for Saudi tourism. Inbound tourism achieved historical record numbers in the first half of 2023, recording an increase of (142%) in number of tourists and (132%) in total tourism spending vs. the first half of 2022. With the continuous development of the tourism sector, there has been an increase in the number of tourists for all purposes with leisure tourists showing the highest growth (347%) vs. the first half of 2022. Domestic tourism in the first half of 2023 recorded a growth of (16%) in tourism spending, due to the average length of stay increasing from (4.6) nights in the first half of 2022 to (6.3) nights in the first half of …

As travel picks up once again around the world. Wego provides a detailed report on Egypt’s top flight destinations for domestic and international travel in 2023. According to Wego’s 2023 data so far, Kuwait and Jeddah are highly favored by Egyptian travelers as top international destinations due to convenient accessibility and wide range of attractions. Following these two cities are Dubai, Doha, and Muscat. On the domestic front, Cairo takes the lead as the most popular choice even for local tourists. Along with Cairo, Sharm El Sheikh, Hurghada, Aswan, and Luxor also captivate Egyptian travelers with their unique characteristics. During the ongoing changes within the travel industry, Wego’s core mission is to assist Egyptian travelers in uncovering their preferred destinations, offering a streamlined booking process for flights and accommodations to ensure an exceptional travel experience. With a wide range of flight options at their disposal, those with a passion for global exploration will find countless opportunities in 2023.    

Qatar welcomed more than 2.56 million visitors from January to 25 August 2023, surpassing the total number of visitors for the whole of 2022, marking a 157% increase in the number of international visitors compared to the same period last year. This significant increase in the number of visitors to Qatar reflects the country’s growing position as a leading tourist destination in the world, supported by the success achieved following the successful hosting of the FIFA  World Cup Qatar 2022™, which put Qatar on the international tourism map. The tourism sector has received a boost thanks to the extension of the validity of the Hayya Card to its existing holders and the relaunch of the Haya platform to become a unified visa portal for visitors coming to Qatar, as the country welcomed visitors from all over the world, with visitors from Saudi Arabia, India, Germany, the United States of America, Kuwait, Oman, Bahrain, the United Kingdom, the United Arab Emirates and Pakistan topping the list of countries for visitors coming to Qatar. His Excellency Mr. Akbar Al Baker, President of Qatar Tourism and Group Chief Executive Officer of Qatar Airways, said: “This growth in international visitors to Qatar is the result of Qatar Tourism’s strategy to capitalise on the tourism momentum that accompanied the hosting of the world’s biggest sporting tournament late last year. Thanks to our focus on priority tourism markets, our multi-pronged approach, our tireless efforts and pioneering initiatives across the pillars of our tourism strategy, we have been able to attract visitors from all over the world and highlight the unique blend that Qatar offers to its visitors, which combines sophistication and modernity on the one hand …

The total number of passengers travelling through airports of the Sultanate of Oman until the end of May 2023 grew by 71.5% to reach 5,223,992 as against 3,045,519 passengers during the corresponding period in 2022, according to the latest reported preliminary data released by the National Centre for Statistics and information (NCSI). The total number of passengers via Muscat International Airport stood at 4,718,497, comprising a rise by 79.5% compared to the same period of the previous year. Those passengers traveled onboard 36,315 flights, constituting an increase by 65.6%. Meanwhile, the number of passengers via Salalah Airport increased by 32.7% to reach 470,950 passengers onboard 3,468 flights, with an increase in the number of flights amounting to 26.4%, compared to the same period in 2022. The total number of passengers via Sohar Airport reached 6,999 passengers on board 110 flights, while the number of passengers via Duqm Airport reached 27,546 passengers on 258 flights.      

Abu Dhabi International Airport announced the airport’s traffic results for the first half of 2023 which show healthy figures and outstanding growth in passenger numbers, flights and cargo movement. The figures confirm a significant increase of 67% in passenger traffic as 10,258,653 passengers passed through Abu Dhabi international Airport between 1 January and 30 June 2023, compared to 6,158,376 passengers served during the same period last year. Abu Dhabi International Airport also recorded 67,835 flights, a notable increase of 36% compared to 49,919 flights during H1 2022. Abu Dhabi International Airport’s network continues to expand rapidly with 114 destinations served by 27 airlines during H1 2023. The destinations with the highest passenger traffic served by Abu Dhabi International Airport during the period included Mumbai (461,081), London (374,017), Delhi (331,722), Kochi (316,460) and Doha (261,117).

Japan National Tourism Organization announced the remarkable resurgence of inbound tourism to Japan from GCC. The first half of this year saw 13,537 GCC nationals visiting Japan. Remarkably close to the 2019 figure of 13,582, this signifies a strong revival of interest in Japan among GCC travelers. Moreover, countries such as Qatar, Kuwait, Oman, and Bahrain have outperformed their 2019 visitor numbers, showcasing the robust recovery of inbound tourism from these markets.* June 2023 witnessed a significant milestone, with Japan welcoming 2,073,300 international visitors, equivalent to 72.0% of the June 2019 figure. This marked the first time since January 2020 that Japan surpassed two million visitors in a single month, signaling a promising rebound for the country’s tourism industry. The cumulative number of international visitors to Japan during the first half of 2023 reached an impressive 10,712,000, surpassing ten million visitors. This accomplishment reflects the resilient revival of Japan’s tourism sector, highlighting the country’s enduring allure for global travelers. Mr. KOBAYASHI Daisuke, Executive Director of Japan National Tourism Organization (JNTO) Dubai office, expressed his satisfaction with the recovery of tourism from the GCC countries. He attributes the rebound to the recent introduction of visa waiver arrangements and online visa applications in some GCC countries, coupled with the total lifting of COVID-related border control measures in April. Furthermore, close collaboration with airlines and travel agencies in the region has further promoted Japan as a preferred leisure destination. KOBAYASHI Daisuke, Executive Director of JNTO Dubai Office, “As summer unfolds, Mr. KOBAYASHI Daisuke invites all visitors to Japan to partake in the exciting festivals and outdoor events that await them. For an unforgettable summer festival experience, he recommends visiting the Tohoku region in …