General Travel News

Global Economic Crisis Impacts Hospitality Sector

Industry experts addressing delegates at the Arabian Hotels Investment Conference 2009 said the hospitality sector has been deeply affected by the global financial crises. They said there are signs of improvement but it is far from over. Deutsche Bank CEO for the Middle East and North Africa, Dr. Henri Azzam  said it “could be deeper and longer than many of us anticipated.”  Deloitte’s Global Managing Partner for Hospitality, Martin Russ, said Sars and the Gulf War look like blips compared to the effects of the global economic downturn.

However, while speaking about regional trends in the real estate market, Global CEO at Jones Lang Lasalle Hotel noted the Middle East is one of the few regions where positive economic growth is forecast for 2009.  The International Monetary Fund forecast 2.5% growth for the Middle East in its April Global Economic Update.

More General Travel News
Saudi Arabian Airlines wins best stand design award at Arabian Travel Market 2022
flydubai to operate some flights from Dubai World Central during runway refurbishment project at Dubai International
South Korea Pavilion among top five at Expo 2020 Dubai
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
The Arataki Visitors Centre

The Arataki Visitors Centre

Auckland, New Zealand

The Arataki Visitors Centre on Scenic Drive is worth seeing because there are nature trails sporting native trees and birds found in the area with an excellent scenic drive. Trails are safe to hike and can take anywhere from 10 minutes to 4-5 hours. The center will also provide models, history and facts of native birds and the surrounding area.          ...

Malay Salambigar

Malay Salambigar

Brunei Darussalam, Brunei

This mosque can accommodate up to 1,000 people and the language of the services is Malay. There is a separate women’s room, parking and wheelchair access. Address: Kg Salambigar, Bandar Seri Begawan, Brunei Darussalam  ...

Isdhoo

Isdhoo

Maldives, Maldives

This is the site where Buddhist remains from the Maldives' pre-Islamic past have been impressively excavated. Isdhoo or Isd? is one of the inhabited islands of Haddhunmathi Atoll, Laamu. Located on this island are important ruins from the historical Maldivian Buddhist era. These ruins include one of the largest stupas (a structure with Buddhist relics) found in Maldives to date. L?m?f?nu, which ar...

Fun City

Fun City

Sanaa, Yemen

Address: to the south of Sabeen Park Tickets: YER 200 A decent amusement venue that can be termed as modern, in the broader sense of the word. Good place to bring kids and family. Contains a bowling alley, rides, dodgem cars, and several reasonable diners.                    ...