UAE Business: ME tourist arrivals to top pre-Covid levels of 100m this year – Gulf Digital News

UAE Business: ME tourist arrivals to top pre-Covid levels of 100m this year – Gulf Digital News

The Middle East is set to surpass pre-pandemic levels of more than 100 million tourist arrivals and over $270 billion in revenue contribution in 2022, and is track to reach the goal of 160 million tourists in 2030, a report said.

Regional hospitality industry has been at the forefront of hotel performance recovery and is witnessing unprecedented growth, according to market insights released by real estate consultants Knight Frank and analytics and marketplace insights provider for the hospitality industry STR.

The key hospitality investment insights were released ahead of the Future Hospitality Summit (FHS) taking place at Madinat Jumeirah in Dubai from 19-21 September 2022.

“The region is going through a fascinating transformation in the hospitality sector, with over 600,000 hotels rooms in the planning and development stage. This quantum of development, which has not been seen before in the Middle East or even globally, is set to change the shape of the region’s tourism industry in the years to come and will help to further raise the region’s profile as a one of the world’s key hospitality players,” said Turab Saleem, Partner & Head of Hospitality, Tourism & Leisure – Mena at Knight Frank.

The successful management of mega events has proven to