Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has initiated efforts to release approximately AED250 million in bank guarantees that have been furnished by tourism-related service providers, following the waiver of this pre-requisite regulatory requirement to start a travel and tour business in the emirate. The new deregulatory measure allows for instant liquidity to be injected into Dubai’s economy, lowering the cost of doing business and supporting further investment in the sector ecosystem. Strongly aligned with the directive of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, the UAE and Ruler, Dubai, to accelerate Dubai’s economy growth through relative strategic and regulatory initiatives, Dubai Tourism seeks to directly benefit over 2,000 travel and tour operators and agencies in Dubai. Previously, tourism companies including inbound and outbound tour operators were required to furnish a bank guarantee ranging from AED100,000 to AED600,000, depending on the type of business activity, to Dubai Tourism, as a precondition for DED to grant a trade license. Announcing the new measure, HE Helal Saeed Almarri, Director General, Dubai Tourism, said, “As we head into 2019 with a commitment to significantly boost tourism arrivals in line with our 2022-2025 tourism strategy and vision to make Dubai the world’s most visited destination, relaxing regulations in support of the business community, especially supporting start-ups and SMEs, is fundamental for sustained sector growth. Tourism is a strong contributor to Dubai’s GDP and we intend to ensure that we sustainably enhance our economic value and aid the diversification agenda for the wider UAE. As such, this deregulatory measure that has been delivered with the support of the Department of Economic Development (DED), complements many of our …
Read More »3 million guests visit Global Village in the first two months in its 23rd season
Opened just two months ago, Global Village, in its 23rd season, has already hit a record number of 3 million visitors attending the venue in this short period. Guest number and sales statistics for the period October 30 to December 31, 2018 showed a massive increase in its popularity and validated the status of Global Village as the leading family destination in the UAE and the Middle East region. This major increase in popularity of the region’s first family destination for culture, shopping, and entertainment has been helped by the drastic changes and upgrades its infrastructure this season. A resounding endorsement of the stellar guest experience it offers is the large proportion of repeat visits by guests. They find the variety of its cultural and entertainment shows attractive and the shopping options are exceeding expectations for both residents and tourists in the UAE. Bader Anwahi, CEO, Global Village, said, “We strive to achieve the highest international quality standards and provide a distinctive and diverse entertainment experience that brings out the rich heritage and diversity of the participating cultures. But that is not the only reason for repeat visits and our dedicated and growing fan following. We offer something for everyone and help them experience, explore and enjoy in a convenient and exciting environment. Guests have appreciated our quality improvements as well as the several infrastructure enhancements that we continue to develop upon every season to help make their visits a pleasure. We expect to welcome a record number of guests this season that will also positively impact the tourism industry in the UAE. Global Village has become an international family destination by any standard and is considered as one on …
Read More »5th Sharjah Hospitality Forum to focus on new marketing strategies
Aimed at the vision of receiving 10 million tourists to the emirate of Sharjah, the Sharjah Commerce and Tourism Development Authority conducted its 5th Hospitality Forum under the patronage of His Excellency Khalid Jasim Al Midfa, Chairman, Sharjah Commerce and Tourism Development Authority (SCTDA). The day was a learning experience of best practices from various professionals from around the globe. Michel Julian from UNWTO shared the key note address on the impact of budget travellers and millenials on the tourism sector and economy.
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