Cost cutting drives profit growth in Middle East and Africa hotels
As a result of the movement in revenue and costs, profit conversion at hotels in the Middle East & Africa was recorded at a punchy 43 percent of total revenue.
The global halal food market to reach USD 740 billion by 2025
The global halal food market is expected to reach USD 739.59 billion by 2025, according to a new report by Grand View Research, Inc. The industry was valued at USD 436.8 billion in 2016. This growth is linked to the increasing Muslim population and their substantially increasing expenditure on food & non-beverages, which is...
Mobile bookings in Saudi Arabia jumped 116 percent compared to 2016, revealed Cleartrip data
The online travel sector in the GCC grew nine percent in 2017, reveals Cleartrip, one of the leading mobile and online travel companies in the Middle East, in its 2017 Travel Insights Report. The report, which derives insights from the company’s proprietary data and the data from over 400 partner...
84 new hotels to open in Saudi Arabia in 2018
Almost 60 percent of Saudi Arabia’s current construction pipeline of 143 hotels is forecast to open in 2018, according to the ‘Saudi Arabia Hotel Construction Overview’ report by TOPHOTELPROJECTS – compiled ahead of The Hotel Show Saudi Arabia (10-12th April 2018). The report said that 84 hotels comprising 27,281 rooms will open...
