A return to growth in the region’s large hotel industry is expected owing to the increasing numbers of travellers from newer source markets such as India, China, the Far East and Saudi Arabia, but only after a tough period ahead, according to industry experts.
The GCC’s hospitality market is expected to grow at a 7.6 per cent CAGR from an estimated $25.4 billion in 2015 to $36.7 billion in 2020, according to Alpen Capital Hospitality Report. RevPAR in the UAE is anticipated to rise at
RelSci News & Alerts gets you:
- 10 free articles a month from top subscription outlets like the Financial Times, New York Times, and Washington Post
- Competitive business intelligence through daily data updates
- Custom feeds on target high-value individuals, companies, industries, and topics delivered straight to your inbox