Region's tourism potential far from realised
United Arab Emirates: Wednesday, March 19 - 2008 at 13:31
The Middle East's tourism growth potential is far from realised, according to Jonathan Worsley, conference co-organiser of the Arabian Hotel Investment Conference. 'Although the Middle East is pegged to be the fastest-growing region by 2020, with estimated growth of 7.1% per annum, 69 million tourists arrivals and almost $4tr in tourism investments announced, there is more to come,' he said. Dubai's hospitality sector, driven by growth in tourist arrivals, had a solid 2007 with the first half alone reporting 97% occupancy in five-star hotels and guest room nights rising by more that six per cent over 2006, said Marc Dardenne, CEO, Emaar Hospitality. The Arabian Hotel Investment Conference will run from May 3-5 at Dubai's Madinat Jumeirah Convention Centre and is jointly organised by The Bench and AME Info's sister company, Meed.
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Jeff Florian, Senior ReporterWednesday, March 19 - 2008 at 13:31 UAE local time (GMT+4)
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