The budget surpluses enjoyed by GCC states for more than a decade will be eliminated by 2019, a report in IMF Survey published today shows. The IMF forecasts that Bahrain and Oman will record fiscal deficits this year, which makes them increasingly…
Deloitte and STR Global report Saudi Arabians are top visitors to Dubai
A total of 1.4m Saudi Arabians visited Dubai in 2013 and the kingdom was the leading source of tourists for the emirate in the year, according to the the first Middle East Hotel Market report by Deloitte and STR Global.…
AHIC told hotels exploring F&B contracting out
Hotel brands are increasingly open to the idea of contracting out restaurant management and food and beverage services to specialised service providers, the 10th annual Arabian Hotel Investment Conference (AHIC) at Dubai’s Madinat Jumeirah was told this morning. “Using third-party food and…
AHIC told the Middle East region is the world’s most buoyant hotel market
The Middle East was the world’s most buoyant hotel market in the year ending March 2014, STR Global managing director Elizabeth Winkle told the 10th Arabian Hotel Investment Conference (AHIC) at Dubai’s Madinat Jumeirah this morning. “Some of the strongest…
AHIC told GCC bucks global trend for slower growth
The Middle East region generally and the GCC in particular remains one of the brighter points in the global economy, Nenad Pacek of the CEEMEA Business Group told the 10th Arabian Hotel Investment Conference (AHIC) at Dubai’s Madinat Jumeirah this morning. “Western…
Khalaf Al Habtoor tells AHIC financing Dubai’s projects not an issue; foresees high growth for 15 years
Chairman of Dubai’s Al Habtoor Group Khalaf Al Habtoor told the Arabian Hotel Investment Conference (AHIC) in Dubai’s Madinat Jumeirah today that he did not expect there will be problems in finding the finance Dubai needs for projects to be…