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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.
More News
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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