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Marriott International announced it expects to add 19 new properties and more than 3,000 rooms to its Middle East and Africa (MEA) portfolio in this year.

Arrivals from Europe to the GCC will increase 29 percent over the period 2018 to 2023, driven by new and direct flight routes, a growing number of millennial and middle-class travellers and competitive air fares, according to the latest data released ahead of Arabian Travel Market (ATM) 2019, which takes place at Dubai World Trade Centre from April 28 – May 01.
According to ATM’s research partner, Colliers International, as many as 8,3 million EU residents will travel to the GCC in 2023, an additional 1,9 million travellers when compared to 2018 arrival figures.

The global travel and tourism sector grew at 3,9 percent to contribute a record USD8,8 trillion and 319 million jobs to the world economy in 2018. For the eighth consecutive year, this was above the growth rate of world GDP.

International tourist arrivals grew six percent in 2018, totalling 1,4 billion according to the latest UNWTO World Tourism Barometer.

Abu Dhabi National Hotels (ADNH) and First Abu Dhabi Bank (FAB) conclude AED1.6 billion (USD435,6 million) loan facility agreement.

Saudi Arabia’s maritime sector is set to receive a much-needed boost with a generous allocation of SAR33 billion (USD8.8 billion) for the energy, industry, mining and logistics sectors in its recently announced budget for this year.