Recent strong performance of the retail sector looks to indicate that Dubai’s tourism sector could be entering a period of sustained growth, despite the regional impact of the Arab Spring. Traditionally, these two sectors have been closely linked, with millions of tourists coming to the emirate each year to experience what has become known as the “shopping capital of the Middle East”.
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Economic update | Dubai: Retail drives tourism growth
27 Feb 2012
Mongolia’s tourism industry has blossomed under a laissez-faire regime that allows private ownership and operation of facilities and tour companies. Leisure tourists, who number approximately 90,000 annually, visit the Central Asian countries for its unspoiled natural beauty and unique cultural attractions. Traditional tourists make up only a small fraction of those who visit Mongolia every year...
Economic update | RAK: A growth destination
17 Feb 2012
As part of a long-term strategy to diversify the economy by capitalising on the emirate’s natural beauty, Ras Al Khaimah (RAK) is moving forward with ambitious plans to rebrand itself as a tourism destination. By 2021, RAK expects around 20% of its GDP will be generated by tourism-related activities.
Economic update | Thailand: Tourism back on track
16 Feb 2012
Thailand’s tourism industry is showing early signs of bouncing back from last year’s floods, with figures confirming a significant year-on-year (y-o-y) rise in visitor numbers for the first 11 months of 2011. Statistics issued by the Department of Tourism show tourist arrivals were up 21.7% on the same period in 2010, which should go some way to allaying fears that the industry could suffer long-term fall-out from the floods.
The mineral wealth of Mongolia, a vast and isolated land, has brought the world to its doorstep. The country’s economy is one of the fastest growing in the world, and production from and investment in its two largest mines should see GDP growth continue to climb.
Economic update | Ghana: Capitalising on potential
14 Feb 2012
An array of new tactics – including continued infrastructure investment, a marketing drive and a focus on growing niches – could prove key in unlocking Ghana’s considerable tourism potential. The West African country currently has a moderately sized but lively tourism sector that sees around a modest 1m visitors per year, mostly from North America and Europe.