JLL, the world’s leading real estate advisory firm, projects that the Middle East will continue to lead investments into Europe’s hotel sector in 2019 and beyond – growing from the $3.2bn of capital flows recorded in 2018. JLL’s Hotel Investment Outlook 2019 reports that Europe’s hotel sector received the largest amount of cross border investments
Tourism will play a major role in reducing Saudi Arabia’s dependence on oil revenues, according to experts speaking at Arabian Travel Market (ATM) 2019. In a panel discussion titled ‘Why Tourism is Saudi’s New ‘White Oil’’, which took place on ATM 2019’s Global Stage, representatives from Saudia Private Aviation (SPA), Dur Hospitality, Colliers International MENA,
Schneider Electric, the leader in digital transformation of energy management and automation, announced this week the launch of AvatarOn and Wiser at the H Hotel in Dubai, UAE. AvatarOn is a range of revolutionary wiring devices that offers infinite design flexibility to satisfy ever-changing aesthetic tastes while meeting the practical requirements of living spaces. Wiser
The GCC must deliver unique and tech-enabled experiences designed for free independent travellers (FITs) if it is to grow its market share among China’s outbound tourists, according to experts speaking at Arabian Travel Market (ATM) 2019. The overall number of outbound tourists from China is projected to hit 224 million by 2022, according to research
