European travellers are set to become a key source market for the Gulf region, especially Gulf Cooperation Council (GCC) countries, which will help their post pandemic tourist industry recovery.
The launch of Wizz Air’s Abu Dhabi arm could pay dividends for the low-cost carrier by tapping into underserved markets and support the emirate by stimulating inbound tourism. This recent development reinforces the necessity for low-cost competition, and the airline will support the stimulation of leisure demand to the UAE during and post-COVID-19, according to GlobalData, a leading data and analytics company.
Saudi Arabia claims it remains on track to reach its ambitious target of welcoming 100 million tourists annually by 2030.This would mean a near six-fold increase in tourist arrivals over the next 11 years, from the 17 million visitors the country welcomed in 2019, according to GlobalData, a leading data and analytics company.
Saudi Arabia is without question, the most important market in the Middle East. As the region’s biggest economy and home of Islam’s most important sites, the Kingdom dominates the regional landscape.
The move by Abu Dhabi’s Executive Committee to form an infrastructure committee to oversee the development and operation of infrastructure in the emirate is an important step at a critical time for the construction sector, said GlobalData, a leading data and analytics company.
The Dubai Government’s decision to put future projects on hold is unsurprising as COVID-19 weighs down on global economies.
Total tourism and leisure industry deals for February worth USD10,41 billion were announced globally, according to GlobalData’s deals database.
According to leading data and analytics company GlobalData, outbound and inbound air travel in Malta is expected to increase at CAGRs of 6,9 percent and 6,6 percent respectively between 2020 and 2023. The Air Malta agreement with Qatar Airways will offer increased connectivity from Malta to regions such as Africa, which Qatar Airways has been heavily investing in recent years.
Total tourism and leisure industry deals for September worth USD8,96 billion were announced globally, according to GlobalData’s deals database.
The number of international travellers from India to the UAE is set to grow from 2,6 million in this year to 3,3 million in 2023, increasing at a compound annual growth rate (CAGR) of 6,1 percent, according to GlobalData, a leading data and analytics company.