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Online Travel

Oyo Still Keen on Long-Anticipated IPO in Early 2023

While Oyo plans to go ahead with its initial public offering, the hospitality company is yet to share the current valuation it is looking at. For sure, it would be nowhere close to its original hoped-for valuation of $12 billion.

Oyo Still Keen on Long-Anticipated IPO in Early 2023

News Blog

Sonder’s Data Breach Exposes Guest Records

Hospitality company Sonder Holdings said that it has been investigating a data breach involving unauthorized access to some guest records. The company believes that guest records created prior to Oct. 1, 2021 were involved in this incident. The information that has been accessed includes username and encrypted password, credit card information. Additionally, Sonder believes that…

Airlines

Qantas Upgrades Profit Forecast On Back of Strong Travel Demand

As fleet and labor issues continue to plague the growth prospect of airlines all over the world, Australia's Qantas would rather focus on domestic tourism to boost its profit outlook.

Qantas Upgrades Profit Forecast On Back of Strong Travel Demand

Tourism

Abu Dhabi Airport Is Expecting 1.5 Million Travelers Over 6 Weeks

The economic spinoffs of Qatar's World Cup will be felt all over the region that has been looking to diversify beyond the oil sector.

Abu Dhabi Airport Is Expecting 1.5 Million Travelers Over 6 Weeks

Tourism

UAE Eyes $122 Billion a Year From Tourism by 2031: Middle East Travel Roundup

Destinations in the Middle East are not just turning to tourism in an effort to diversify their national economies but positioning themselves to compete on a larger scale globally.

UAE Eyes $122 Billion a Year From Tourism by 2031: Middle East Travel Roundup

News Blog

Dubai-Based Silkhaus Raises $7.7 Million Seed Funding to Digitize Short-Term Rentals

Silkhaus, a United Arab Emirates-based platform for short-term rentals, announced on Tuesday that it has raised $7.75 million in a seed funding round. Following this investment, Silkhaus has said it will accelerate its expansion across Middle East and North Africa region, as well as in South Asia and Southeast Asia. The company had earlier identified…

News Blog

Wynn Resorts Confirms It’s Opening First Casino in UAE

Integrated resort operator Wynn Resorts confirmed that it would be operating a casino at its resort in Ras Al Khaimah. The casino at Wynn Marjan would be “somewhat larger than” the operator’s flagship U.S. gaming venue - Wynn Las Vegas, CEO Craig Billings said during the earnings call on Wednesday. Announced earlier this year, the…

Tourism

China Shortens Quarantine Period for Arrivals

At a time when destinations around the world are doing away with most of their Covid restrictions, China's eight-day quarantine — five days in a state isolation centre and three at home — is more of a too-little-too-late-measure.

China Shortens Quarantine Period for Arrivals

Online Travel

Seera Group Rides Saudi Arabia’s Efforts to Build Tourism to First Post-Pandemic Profit

The sweet sound of "profit" seems to be making a slow and steady return in the earnings calls of travel companies in the Middle East.

Seera Group Rides Saudi Arabia’s Efforts to Build Tourism to First Post-Pandemic Profit

News Blog

UAE Developer Nakheel Secures $4.6 Billion Financing to Develop Dubai Islands 

Dubai-based property developer Nakheel announced it has secured $4.6 billion in strategic financing deal to drive what it calls, “the new phase of growth.” The amount includes refinancing of $3 billion, and additional funds of $1.6 billion. The developer of Palm Jumeirah said that the finance would be utilised to accelerate the development of its…