Forecasting 2023 with 11 hospitality experts
As 2022 draws to a close, 11 hospitality contributors unpack the past and share their predictions for the coming year. Here’s what they said…
Skyscanner forecasts Saudi travelers’ wants and expectations
New research from global travel site Skyscanner has revealed that Saudi Arabian holidaymakers will travel significantly in 2023 despite economic uncertainty, but price-led decision making will drive change. With 62 percent of travelers in Saudi Arabia planning to spend the same if not more on overseas travel next year, how they are going to spend this money will differ.
Phocuswright forecasts a boom in the global tours, activities and attractions industry
According to Phocuswright’s joint travel research report with Arival — The Outlook for Travel Experiences 2019-2025 — travel experiences represented USD 253 billion in global gross ticket revenue in 2019, making it the third-largest sector of tourism after transportation and accommodation. Tours, activities and attractions (TAA) was the hardest-hit area of travel during the pandemic but has bounced back largely due to shifts in traveler behavior. Post-pandemic changes in shopping and booking behavior have fueled the growth of the TAA industry.
Behind the scenes: Baghdad’s hospitality potential
After years of conflict, Iraq is beginning to finally find its feet. Ralph Nader, CEO of Amber Consulting, investigates how the country’s hospitality sector is shaping up and why the capital is proving appealing to F&B brands.
IHG signs a new generation InterContinental Hotel with Al Ajlan Company in Riyadh
IHG® Hotels & Resorts continues to expand its luxury portfolio in the kingdom with the signing of a management agreement with Al Ajlan Company for InterContinental Hotel & Residences.
La vie en rose: Paris’ perfect performance
Paris is the most visited city in the world, with strong appeal to international visitors. Indeed, the French capital benefits from various source markets and a well-diversified client mix, allowing the market to perform well throughout the year, as Maria Coll, senior associate, and Sophie Perret, senior director of HVS, explain.
Insight into the summer performance of the ME hospitality sector
The June 2022 report of the EY Middle East hotel benchmark survey, which covers occupancy and average rate performance in key hotel markets across selected countries and cities in the Middle East on a monthly and year-to-date basis, has provided readers an insight into the Middle East’s overall hospitality performance.
Back to the land of the pharaohs
Egypt appears to be getting back on its feet after years of economic turmoil and social unrest, intensified by the pandemic. Nada Alameddine, managing partner at Hodema consulting services, shares her insights on tourism recovery and what the regional power of North Africa is likely to witness in terms of foreign arrivals in 2022 and beyond.
UAE country report: the great rebound
While most countries are back to pre-pandemic growth after two years of economic turmoil, the United Arab Emirates is reaping the rewards of its early vaccination efforts and measures to support hard-hit sectors. Nada Alameddine, managing partner at Hodema consulting services, paints a promising picture of the Emirates’ growth path and the exciting new development in its hospitality offering.