The accession of King Salman bin Abdulaziz Al Saud in January 2015 was the start of a new chapter for the Kingdom, and with the fall in global oil prices and continued regional turbulence there are undoubtedly challenges to be met. However, domestic stability, combined with the government’s commitment to major development projects and sustained focus on economic diversification, indicate a positive overall outlook for the country moving forward.
Rising arrivals are driving tourism infrastructure development in Abu Dhabi, as the emirate accelerates construction of hotels and other facilities in a bid to broaden its offering for both business and leisure travel.
The tourism industry in Turkey could see stormy weather this summer with a sharp slowdown in arrivals from Russia and some European countries, combined with a weaker domestic market due to the sluggish economy.
A tapering of demand will lower earnings in Dubai’s tourism and hospitality industry this year, though an expected rise in arrivals from emerging markets, in particular Asia, may offset weaker traffic from more established sources of visitors.
With a selection of archaeological ruins to rival Italy and Greece, 7200 km of scenic coastline, Istanbul’s unique blend of rich heritage and cosmopolitan culture and an advantageous location at the crux of three continents, Turkey’s diverse visitor offerings have seen its popularity grow rapidly over the past decade in the process of becoming a world-leading tourist...
New infrastructure and investment will be critical to reaching tourism targets as Turkey barrels towards its Vision 2023 goals, including welcoming 50m visitors and earning $50bn in tourism revenues annually. Hoteliers in Istanbul, the country’s largest city, are investing heavily in new offerings, with thousands of new rooms set to enter the market in 2015. More...
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