General Travel News

Tourism revival to fuel retail growth

May 9 - A new report by Alpen Capital, entitled GCC Retail Industry Report 2010, said the inflow of tourists and increasing number of passengers in transit will help fuel retail growth in the GCC retail industry. Other factors expected to boost growth in the retail industry are an increase in population, urbanization, and middle class (with increasingly higher per capital income). Gross leasable area (GLA) in the retail space may increase by six million square meters between 2010-2012 according to figures in the report.  

The report’s authors are especially optimistic about increased demand for tourism and say absorption of the incremental retail space will depend on sustained strong growth in tourism.  The report forecasts that tourists and passengers in transit will revive demand, further boosting sales in 2010. “As per our estimates, short-visit tourist retail sales are expected to register revival, while sales at duty-free shops at airports will rise significantly under the impact of rising passenger traffic.”
 

More General Travel News
Discover the making of a Royal Bisht - gold embroidered Arab cloak
Yas Island Abu Dhabi lit up in green for Saudi Arabia’s National Day
Eid Mubarak to all Irhal visitors
Latest Travel News
Discover the making of a Royal Bisht - g...
Yas Island Abu Dhabi lit up in green for...
Turkish Airlines launches new cabin crew...
Featured Sights To See
Red Square & Lenin's Mausoleum

Red Square & Lenin's Mausoleum

Moscow, Russia

Red Square is one of the most important sites in Moscow and swarming with tourists every holiday season. Communist parades were held here and parades continue to pass through this square. This structure is not to be missed especially since Lenin's Mausoleum is located right here. This houses the embalmed body of Lenin. Lenin was an extremely significant player in Russia's history. He led th...

Royal Danish Library

Royal Danish Library

Copenhagen, Denmark

Founded in 1948, the Royal Danish Library is known as the first public library. Also called the Black Diamond, due to its structure, the library was renovated and refurbished in 1999. For a great learning experience, the library offers all forms of literature in different international languages.  Such literature ranges from newspapers to magazines, from poetry to novels and a collection of travel...

What to do with Children in Tow

What to do with Children in Tow

Berlin, Germany

Berlin is a fairly child-friendly city with many things to occupy the kids. When going sightseeing, remember to watch for your children as it is easy to lose them in the crowds, particularly if their attention is easily caught by interesting sights. It is very common to go out in Berlin for breakfast or brunch and many restaurants can have indoor playgrounds or other supervised activities for ...

Sadu House

Sadu House

Kuwait, Kuwait

Sadu House was established in 1979 in order to safeguard local Bedouin handicraft traditions. This museum display woven works, art, jewellery, wall-hangings, antiques and ceramic goods all handmade by Bedouin tribes of Kuwait. The area has now been converted into a major tourist attraction with family areas, childrens play section, dining area and shopping. It is open from Saturday to Thursday and...