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FINANCIAL NEWS
Report expects 6% drop in Middle East tourism this year
08 Nov 2011
Report expects 6% drop in Middle East tourism this year
(MENAFN) A new report expected tourist arrivals to the Middle East to drop six percent this year over the political uncertainties in the region, Arabian business reported.
The World Travel Market Global Trends Report 2011 said the region would see a 1.8 percent decline in incoming tourist receipts, and airlines would see a 10.3 percent drop in US dollar receipts while hotel income would fall by 3.6 percent compared to the previous year.
The report rated Egypt and Tunisia as “strong” contenders for a tourism rebound, while it said Bahrain was in a “weak” position.
Hotel projects are likely to continue on apace in the Middle East despite the uprisings with a total of 119 hotels set to be built in the Middle East/Africa region this year.
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