• Tourism

    Tourism is a fast-growing sector in many emerging markets. OBG analyses the latest statistics on visitors and spending, highlighting investment opportunities. Our research covers hotel developments, government incentives, demand for leisure facilities and the MICE segment.
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Situated on the Gulf of Guinea in West Africa, Ghana’s natural resource wealth and status as a stable democracy have helped make it a prominent player in the region. It is the world’s second-largest exporter of cocoa, behind Côte d’Ivoire, and one of the continent’s largest gold producers. Recently discovered reserves of oil and gas have powered the economy to double-digit growth in the past decade.

A steady increase in arrival numbers is demonstrating growth in Oman’s tourism industry, according to a new report from the country’s National Centre for Statistics and Information (NCSI).

Chapter | Tourism from The Report: Saudi Arabia 2015

Tourism is estimated to have directly contributed $12.7bn to the Saudi economy in 2013, equivalent to 1.7% of GDP, and this was forecast to rise by 5.2% to $13.3bn in 2014. Although religious tourism still dominates the industry, government efforts are under way to expand the sector’s offering, with opportunities available in various segments, including heritage and business tourism. Domestic...

A rise in historical battlefield tourism across a variety of international destinations has shone a spotlight on a key niche market with potential for Papua New Guinea, as the country begins preparations for a series of events commemorating the 75th anniversary of strategic battles fought during the Second World War.

 

In recent years, the tourism sector in Ras Al Khaimah has been enjoying a period of growth and profitability. In March 2015, a year after three new hotels opened, adding more than 1450 keys to the emirate’s hospitality sector, RAK’s Tourism Development Authority (RAK TDA) was able to report average occupancy levels of 70.31%, above the...

 

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...

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