In April, global passenger traffic reached record levels with a growth of 9.3 percent year-on-year, as revealed by Airports Council International.
H.R.H. Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of the board, Jeddah Economic Company, visited the Jeddah Economic City site, which is also home to Jeddah Tower, a development set to become the highest building in the world.
It has been announced that Steve Kaufer, CEO, TripAdvisor, will present at the 45th Annual J.P. Morgan Global Technology, Media and Telecom (TMT) Conference on May 22, in Boston.
Despite sluggish global economic growth, low oil prices, US and Brexit influences, the UAE is set to lead the Middle East passenger growth for the year, with an annual increase of more than 6.3 percent according to estimates from the International Air Transport Association (IATA).
In January, hotels in Sharjah recorded a 5.5 percent year-on-year growth in occupancy, according to the latest report by STR.
Sabre reported strong performance for the first quarter of the year with the company's travel network revenue increasing 23 percent, and bookings rising 28 percent, year-on-year.
JW Marriott Marquis Dubai experienced an inventory surge of 22 percent during 2015, nevertheless, occupancy levels across the property’s 1,608 rooms remained constant in excess of 73 percent.
Cape Town’s tourism was marred by a number of entry barriers, including proposed changes to visa regulations, during the first half of 2015.