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Despite stalled growth in China, Brazil and Russia, a wave of newly middle-class travelers from the BRICs and beyond will start visiting international destinations in the coming decades — dwarfing the numbers we’ve seen thus far.
Dubai’s nightlife continues to bring it business, just not always from the usual suspects.
Showing that being boring has a measurable economic cost for Saudi Arabia, an annual tourism-spending overview by payments network operator Visa Inc. has spending by Saudi tourists surging 29 percent in glitzy Dubai and other spots in the United Arab Emirates last year.
Saudi tourists in the Emirates put $420 million on their Visa cards in 2012, jumping to third place in UAE spending…
“The irony is that Saudi Arabia looks across Dubai in a fairly disapproving way. But they love it, there’s no doubt about it,” said [Philip Wooller, regional director for STR Global.]