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
Eid Mubarak to all Irhal visitors
Experience the peaks near Lausanne Switzerland
Emirates Palace Hotel Abu Dhabi launches summer camp for children
Latest Travel News
Emirates voted ‘Best Business Airline’ a...
Tourism to contribute SR118 billion to S...
Emirates Palace Abu Dhabi to celebrate M...
Featured Sights To See
Temple of Dawn

Temple of Dawn

Bangkok, Thailand

This is one of Bangkok's most renowned temples. Numerous steps have to be climbed and while the ascent is strenuous the stunning view more than compensates for that. The Grand Palace, the Temple of the Holy Jewel Image and the Chao Phraya River- the main landmarks of the city are visible from 260 feet above the ground.   Timings: Daily 8 A.M- 5:30 P.M Address: West bank of the Chao Phra...

Sultan Hassan Masjid

Sultan Hassan Masjid

Cairo, Egypt

The Madrassa of Sultan Hassan Mosque is a masterpiece of Mamluk architecture and one of the largest in the world. It was commissioned in 1356AD by Sultan Hassan bin Mohammad bin Qalaoun for the purpose of establishing a school and mosque that would cater to the four branches of Sunni Islam: Shafi, maliki, Hanafi, and Hanbali. Sharia el-Qal'a, Islamic Cairo Opening hours: Daily 8:00 a.m...

Museum of Books

Museum of Books

Almaty, Kazakhstan

Address: 94 Kabanbai Batyr Street, Almaty Phone:  62 22 13 A quaint little place for professors and researchers. Small building containing interesting manuscripts, scrolls, prints, ancient drawings and other written material, that give an insight into the cultural and historical development of the city.  ...

Le Meridien Pyramids

Le Meridien Pyramids

Cairo, Egypt

The Le Meridien Pyramids's children's area offers pint-sized chairs and tables along with a children's paddling pool, a special children's menu, and coloring books and crayons. These facilities are available for both hotel guests and non-guests.   Le Meridien Pyramids Alexandria Desert Road PO Box 25 Pyramids, Giza Tel: +20 2 383 0383 ...