What the latest EY survey reveals about the Middle East’s hospitality scene
With the hospitality industry playing a vital role in the economic development of major cities around the world, we share the key findings of the EY Middle East Hotel Benchmark Survey January 2024 and how major cities have performed during this period.
The EY Middle East Hotel Benchmark Survey highlights a flourishing hospitality scene
In May 2023, the Middle East’s hospitality industry witnessed noteworthy shifts and trends, unveiling the dynamic landscape of the region’s tourism and hotel sectors. The latest findings from the EY Middle East Hotel Benchmark Survey provide valuable insights into key cities’ performance during this period.
Beirut and Cairo lead hotel occupancy growth
Lebanon is set to prepare for a promising summer tourism season with indications of improved tourist volumes after the travel ban lift by Saudi Arabia. The UAE is also expected to lift its travel ban.
Cairo’s hospitality industry is back on track
The significant growth in the Cairo’s hospitality sector performance is mainly attributed to the country’s improved political stability, lift of flight bans to Egypt and focused efforts on tourism marketing and campaigns globally.
Cairo’s hospitality scene is on a growing improvement curve
Reform plans and governmental efforts to boost tourism have all led to increased flight arrivals and subsequent tourism inflow to the country.
The EY Survey highlights a flourishing hospitality
The hospitality industry plays a vital role in the economic development of major cities around the world. This is apparent in the case of Cairo, Makkah, Doha, Manama, Abu Dhabi and Dubai, as per the latest findings from the EY Middle East Hotel Benchmark Survey.