When the global economic downturn hit Dubai’s tourism sector in 2008-09, the luxury segment, in particular, suffered substantial losses. The emirate’s extravagant high-end hotels, many of which commanded room rates in excess of $1000 per night prior to the crisis, were forced to lower their prices substantially to maintain occupancy rates, for...
In light of this period of global economic uncertainty, what should be the focus in order for stakeholders to ensure sustainable growth in Dubai?
In the four years since the 2008-09 economic downturn swept the world, Dubai’s hotel industry has experienced substantial volatility. Occupancy and revenue per available room (RevPAR) rates dropped substantially in the wake of the crisis, especially at high-end luxury properties, as wealthy leisure tourists made an effort to reduce their...
What impact has the exhibitions and conferences industry had on the greater economy? What needs to be done to ensure sustainable growth?
Stretching over 17,500 islands and home to around 245m people, Indonesia is a vast, diverse nation with a rapidly growing economy, extensive natural resources and a range of sectors ripe for investment. By far the largest country in ASEAN in terms of both population and area, Indonesia is responsible for one-third of the 10-nation bloc’s total GDP.
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