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DUBAI TOURISM SLOWDOWN
International visitors to Dubai to return ahead of hotel rate recoveryDubai's tourism is bouncing back, with visitor numbers expected to recover before hotel rates. Accor, a major hospitality player, notes a l...- The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...
- Dubai hospitality gets a nine-day breather during Eid al-Adha holidaysIn anticipation of the Eid al-Adha holidays, hotels across Dubai and Abu Dhabi are seeing a notable spike in reservations, a promising sign...
- Iran war creates new must-have for summer holidays: The plan BTravellers are changing holiday plans. Shorter trips in Europe are becoming popular. Rising airfares and conflict are causing concern. Many...
- UAE hotels find peace in war, go for renovations and upgradesPremium hotels in Dubai are undertaking renovations. This is happening due to a slowdown in tourist numbers. Some hotels will close for up ...
- Radisson Hotel Group expects to create 65,000-80,000 job opportunities in India by 2030 with 500 propertiesRadisson Hotel Group is embarking on an ambitious journey to enhance its footprint in India, targeting the launch of 500 hotels by 2030. Th...
- A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppersA distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth...
- UAE slows down from Gulf war stress; raises remittance concerns for India amid layoffs, pay cutsThe United Arab Emirates economy faces early stress as the Gulf war continues. Sectors like hospitality, travel, and food & beverage are se...
- Thailand hotels slash room rates as global travel disruptions hit arrivalsThailand's luxury hotels are slashing prices by up to 70% to attract domestic tourists as foreign arrivals plummet due to Middle East confl...
- Madhavan makes urgent appeal for Dubai taxi drivers, urges UAE residents and tourists to help out amid Iran-US warActor R. Madhavan has urged UAE residents to support taxi drivers struggling with low earnings amid the ongoing Middle East conflict. Shari...
- Dubai house prices to rise for first time in six years in 2021The city state's real estate sector has been weak for years due to chronic oversupply coupled with low economic growth, a problem exacerbat...
- Dubai property market to improve on higher-than-expected demand: Morgan StanleyDubai property prices are rising for the first time in six years, Morgan Stanley said in a research note, amid higher demand and a slowdown...
- Dubai's Fast-track Growth
- Dubai's non-oil private sector slows down in October: PMIThe seasonally adjusted IHS Markit Dubai Purchasing Managers' Index (PMI) declined to 49.9 in October from 51.5 in September, edging below ...
- Israel-UAE flights 'delayed to January'Direct flights between Israel and the UAE, slated to begin in October after a landmark normalisation deal, are to be postponed until Januar...
- Dubai-based construction firm, which helped in building Burj Khalifa, to enter liquidationArabtec Holding PJSC made the announcement after emails circulated Wednesday among developers suggesting the firm's end had come. Despite t...
- Dubai's economic stimulus ensures business continuity & development of the SME sectorThe Dubai government announced a stimulus package worth AED 1.5 billion to support its citizens, residents and investors from the global ec...
- S&P warns Dubai economy to shrink 11%, cuts property giants to junkDubai, the Middle East's trade and tourism hub, has been hit hard by coronavirus-containment measures and is set for an economic contractio...
- Emirates airline asks staff to take one month unpaid leave over coronavirusEmirates Group, the state-owned holding company that counts the airline among its assets, has asked staff to consider taking paid and unpai...
- DUBAI'S SHIFT TOWARDS AN INNOVATION AND START-UP ECONOMYThe relationship between Dubai, UAE and India is moulded on an exceptionally strong platform. This strong bond chiseled over the years with...
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