What factors caused the decline in tourism revenues in 2011? What steps are being taken to promote growth in the sector in 2012?
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Interviews & Viewpoints | OBG talks to Nayef Al Fayez, Minister of Tourism and Antiquities from The Report: Jordan 2012
Economic update | Qatar: Building momentum in tourism
18 Jul 2012
As the country’s hosting of several major international sports and business events has brought growing numbers of tourists to Qatar, it has also highlighted the need for infrastructure to accommodate them.
Amid the regional turbulence caused by the Arab Spring, Jordan has navigated a steady course. This is a key advantage that the kingdom offers to foreign investors, who continue to regard the country as a strong base for targeting growth markets in the region and who are stepping up their involvement in core domestic industries such as energy, health care and information technology.
Economic update | Ghana: Tapping potential in tourism
17 Jul 2012
In an encouraging testament to the country’s push to increase the size of its services sector, Ghana has seen an impressive rise in visitor arrivals over the past few years, and capital investments look set to help provide the foundation for continued growth. However, capitalising on much of the still-latent potential will require investment and imagination.
Economic update | Oman: Development in tourism
17 Jul 2012
With Muscat having been named the Arab Tourism Capital for 2012 and the country becoming increasingly popular with visitors from around the globe, Oman’s tourism sector is gaining attention from local and international investors who are building new hotel and property developments. To go along with the accommodation offerings, there is also a need for additional entertainment and leisure facilities to fill niche markets and create demand.
Tourism is a crucial element of the economy, accounting for 14% of GDP in 2010. Petra remains the country’s major tourist attraction, with 459,629 visitors to the site in the first nine months of 2011. However, the tourist industry was hit hard by regional unrest in early 2011, and many joint package trips to Jordan and neighbouring countries were cancelled. Economic woes in parts of Europe have...