When three new hotels with a combined key count of 1440 opened on Al Marjan Island in 2014, Ras Al Khaimah’s new resort destination came to life. Indeed, developers hope to see the area grow substantially in the next few years as a mixed development of holiday homes, restaurants, bars, marinas and up to 20 hotels that will together make a...
The tourism industry hit a high note in 2014, with revenues surpassing Dh1bn ($272.2m) and the total number of overnight stays by guests growing by 72% over 2013 to reach 2.14m. As the government intensifies efforts to develop and promote the tourism sector, in line with Sheikh Saud bin Saqr Al Qasimi’s long-term vision for economic...
Two straight years of record growth in Mexico’s tourism sector have solidified its importance as a motor for economic growth. According to the Ministry of Tourism (Secretaría de Turismo, SECTUR), tourism contributes over 8.7% to Mexico’s GDP and employs 3.6m people directly, 57% of them women. It is also the fourth most important source of...
With Mexico regaining its spot among the world’s top 10 tourist destinations in 2014, it is no surprise that the meetings, incentives, conferences and exhibitions (MICE) segment is becoming increasingly dynamic. Recognising the segment’s importance, particularly for states that have traditionally been primarily sun and sand destinations, state...
The Mexican hotel industry has been in recovery mode since 2009, after feeling the effects of the economic downturn from the 2008 financial crisis and the breakout of the H1N1 virus in 2009. According to consultancy firm Jones Lang LaSalle (JLL), the industry posted average annual growth of 4.7% on occupancy rates and average daily rates in...
Domestic tourism in Saudi Arabia has enjoyed something of a surge in recent years, with spending rising from SR59bn ($15.7bn) in 2010 to SR103bn ($27.5bn) in 2014 – representing compound annual growth of 15%. Yet, taken on an individual basis, Saudis continue to spend significantly less per domestic trip than they do when travelling abroad:...
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