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FINANCIAL NEWS
UAE’s tourism spending budget increases 5 percent in Q1
04 Jun 2015
(MENAFN) The United Arab Emirates’ allocated spending budget for the tourism sector witnessed an increase by 5 percent in the first quarter of the year, a report from Network International showed, Gulf News reported.
The global report showed that America enjoyed the biggest tourism budget allocation at 21 percent. Saudi Arabia came second with 12 percent; the United Kingdom was third with 9 percent and China fourth with 4 percent.
In terms of spending behaviors, Americans, Canadians and Australians spend the most on airfare, but spend the lowest average amounts on hotels and meals, the report showed.
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