Religious tourism is a relatively 'recession proof' sector that offers growth potential for Middle East hotels during the economic slowdown. The World Tourism Organisation estimates that more than 300 million people across the globe visit the world's key religious sites each year.
The head of Fairmont Hotels in the Middle East says hotels in Dubai will eventually recover from the economic meltdown, but it is unlikely they will enjoy the same level of growth that that they witnessed prior to the recession.
United Arab Emirates:
Monday, June 22 - 2009 at 15:22
Gulf-based carriers stole the limelight at the Paris Air Show, with large orders for new aircraft and engines at a time when most airlines around the world are retracting.
Airlines in the Middle East have said that they plan to move ahead with their ambitious expansion plans, but a new report predicts that they are in for a bumpy ride for the rest of the year as demand for air travel slows.
Flydubai, the first low-cost carrier to be based in Dubai, made its initial flight this week amid great fanfare but faces a number of challenges as it takes to the skies.
United Arab Emirates:
Tuesday, June 02 - 2009 at 16:24
Royal Caribbean has announced plans to create a hub in Dubai beginning in 2010 for week-long winter sailing that will tour five major destinations in the Gulf.
United Arab Emirates:
Tuesday, May 26 - 2009 at 14:49
Oman is spending billions to boost tourism as part of a strategy to diversify its economy. But while the Sultanate is keen to attract more visitors, it is also determined to protect its culture and traditions.
The global financial crisis has forced hotels in Dubai to lower their rates to attract customers, enabling tourists to 'trade up' to more luxurious accommodations, thus providing one of the few upsides of the economic downturn.
Experts at the Arabian Hotel Investment Conference expressed confidence that strong growth will return to the hotel industry in the Middle East, but warned that drastic measures to speed the recovery could actually prolong the crisis.
Like the rest of the world, Dubai hotels have been hit hard by the global economic crisis, and although March provided a slight breather, the prospects for the summer months are not promising.
United Arab Emirates:
Tuesday, April 21 - 2009 at 11:37
Emirates Airlines received its first A380 amid much fanfare in July 2008, but the roll out of the aircraft into the Dubai-based carrier's fleet has not been without turbulence due to falling passenger demand and complaints about the double-decker's performance.
United Arab Emirates:
Tuesday, March 31 - 2009 at 15:03
Movenpick Hotels and Resorts plans to double the number of properties that it operates in the Middle East over the next three years as part of its major expansion in the region.
Saudi Arabia has recently launched several initiatives as part of a multi-billion dollar effort to boost tourism revenues in the kingdom. Developing tourism is a high priority for the Saudi government as part of its wider strategy to diversify its economy away from its dependence on oil, particularly in light of the plunge in crude prices.