Articles tagged “riyadh”

Informa had a soft hold on hundreds of thousands of square feet of exhibition space as tensions escalated in the Middle East. Now that it has postponed one of the world’s largest tech gatherings and is using that space in August, it has to deal with the logistical fallout. 

With nearly 80% of the upcoming hotel supply concentrated in the luxury and upscale tiers, there is a need to rebalance the pipeline.

In Saudi Arabia, tourism is now geopolitics. By hosting a historic UN Tourism vote and calling on the U.S. to rejoin the organization, Riyadh is positioning itself as both the industry’s banker and its broker.

Delta’s flights to Saudi Arabia come as the country has sought to bolster international tourism.

The tourism category saw 45 individual foreign direct investment projects, making it the most active by project count among the top five sectors.

Duty-free shopping may not sound like the most glamorous industry, but it's important to global travelers.

The partnership is one of the most notable for the Saudi Arabian startup, which is looking to launch its first flights next year.

Saudi Arabia witnessed a 50% increase in Indian visitors in 2023. Now, it is ramping up its efforts to meet its ambitious target of 7.5 million Indian visitors over the next seven years.

It's not surprising that the Middle East is prioritizing hotel development to accommodate a growing influx of tourists. This proactive approach aligns with their broader economic and tourism strategies to foster long-term growth and competitiveness in the global tourism market.

Asfar's launch aligns with the Saudi sovereign fund’s broad strategy, which is centered around tapping opportunities within the tourism sector and building strategic partnerships with private companies.