Gulf Tourism and Aviation
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Mideast low-cost carrier growth slows, but opportunities remain
The explosive growth rate of low-cost carriers in the Middle East has slowed in recent years, but the market is still ripe for exploitation as LCC penetration remains very low in the region compared to many other parts of the world, according to a new report by the Centre for Asia Pacific Aviation (CAPA).
Not all Gulf carriers have rosy outlook
Although Gulf airlines are forecast to register a healthy profit in 2012, there is a wide disparity in their balance sheets, as some carriers across the region are among the most profitable in the world while others are at risk of being shut down.
Bahrain tourism looks to get back on track
After seeing tourist arrivals fall dramatically last year in the wake of the political unrest in the country, Bahrain is hoping that the return of the Formula One race will be a catalyst that will help revive the country's tourism sector.
Oman touts new initiatives aimed at boosting tourism
Oman is making a push to expand its tourism revenues as part of an effort to diversify the country's economy.
Rising oil prices to curb airline profits in 2012, says IATA
The International Air Transport Association has cut its global profit estimate for the industry to $3bn from $3.5bn due to rising oil prices, but raised its forecast for Middle Eastern carriers as regional differences widen.
Emirates adds fifth daily flight to Karachi
Emirates Airline has strengthened its commitment to Pakistan by announcing the addition of a fifth daily flight to and from the city of Karachi.
Jet Airways to launch Dammam-Delhi service
Jet Airways India, the country's top private-sector carrier, has announced that it will provide a direct connection between Dammam in Saudi Arabia and Delhi four times a week from March 17, 2012.
Muscat's hotel room rates top world list
Hotel performance varied widely in the Mena region last year in the wake of the Arab Spring, as it was home to the city with the highest average room rates in the world, as well as the five destinations where room rates dropped the most, according to a new survey by Hotels.com.
Etihad seeking more partnerships to fuel rapid growth
Etihad Airways is actively seeking to buy stakes in more carriers across the globe as part of an effort to expand its network and grow its customer base.
Emirates to fly three times daily to Rome
Dubai-based Emirates Airline has announced that it will add a third daily flight to Rome beginning in October.
Middle East's first Hotel Indigo to open in Saudi Arabia
InterContinental Hotels Group (IHG), the world's largest hotel group by number of rooms, has announced plans to open two new hotels in Saudi Arabia, including the first Hotel Indigo in the Middle East.
Dubai sees 10% rise in tourists in 2011
Benefitting from its perception as a safe haven in the Middle East in the wake of the Arab Spring, Dubai enjoyed a strong rise in tourist arrivals in 2011.
UAE hotels off to a strong start in 2012
Hotels in Dubai outperformed other markets in the region by a wide margin in January while Abu Dhabi hotels enjoyed double digit growth in occupancy during the month, according to the latest HotStats survey of full-service hotels in six MENA cities by TRI Hospitality Consulting.
Emirates to take delivery of 1000th Boeing 777
Dubai-based Emirates Airline is to take delivery of the 1000th Boeing 777 tomorrow (March 2), at a special ceremony to be held in Seattle, Washington. With the delivery of the airplane to Emirates, the 777 will reach 1,000 deliveries faster than any other twin-aisle airplane in history.
Middle East carriers see 14.5% rise in demand in January
Middle East carriers enjoyed the highest increase in the world for passenger demand and cargo freight in the month of January, according to the International Air Transport Association.
