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FinancialNews


  • 23-11-20

    Coronavirus revives UAE's domestic tourism sector

    (MENAFN) According to Bruno Trenchard, senior manager " hotels and hospitality, at CBRE Middle East, the severe impacts of the novel coronavirus pandemic has help local tourism sector in the United Arab Emirates to ''explode'', but there's still a glimmer of hope that the country will become a favorite destination for residents to spend their holidays.

    The global spread of COVID-19 led to the shutting of intercontinental borders, although Dubai, Sharjah and Ras Al Khaimah have later reopened to travelers from overseas. Consequently, the local market has taken off with Abu Dhabi attained the lion's share of hotel occupancy rates and the third highest pay per room in the region during the period between July and September.

    Arabian Business news agency qouted Trenchard as saying: "It has literally exploded in the last few months. We have had stories of countless resorts in the country that are really doing well, that are really full on the weekends and that are really banking on this domestic tourism trend."

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