A bird’s-eye view of the Dubai skyline.
Syed Shayaan Bakht, Staff Reporter
Dubai has retained its position as the number one destination for travel and tourism in the world, with international tourist expenditures reaching $29.4 billion (Dhs108 billion) in 2022, according to the latest report issued by the World Travel and Tourism Council (WTCC).
In its report on the economic impact of cities, the council said that Dubai surpassed Doha and London, with tourists spending $16.8 billion and $16.1 billion, respectively, in the two cities.
The report, which was issued in cooperation with the "Visa" company, indicated that cities continue to be centers of power in terms of global tourism, with expectations that they will lead the recovery in the sector and economies around the world.
Doha was considered one of the cities that achieved the most recovery in terms of international visitor spending, as it increased by 21%, compared to pre-pandemic levels, followed by Orlando, with an increase of 19%, then Antalya, by 15%.
Over the next decade, the tourism sector is on track to become a major driver of economic growth once again, creating 126 million new jobs worldwide. By 2032, the sector will directly provide up to 8% of all jobs in the 82 cities analyzed in the Cities Report, up from 6.6% in 2019 and 5.1% in 2020.
Dubai’s economy continues to experience sustained growth from the contribution of business tourism, thereby driving the nation’s economic diversification agenda prioritised in the UAE Centennial 2071 strategy.
Dubai Sustainable Tourism (DST), an initiative of Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism), has announced the winners of the DST Awards 2019 at an industry event hosted at the InterContinental, Dubai Festival City.
The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabºi) continued its strategic support for the hospitality industry by conducting a second series of workshops as part of the rollout for the ‘Ghadan.
The Arabian Travel Market (ATM) entered its third day on Tuesday. A cross-section of exhibitors share their candid views with Gulf Today Shaza Hotels: Shaza Hotels, a member of the Global Hotel Alliance, is powering ahead with continued portfolio growth and expansion.
The stock market can be a great way to do it, but it comes with its own set of risks and rewards. With the ever-changing economic situation across the globe, it becomes mandatory to invest wisely and safely for a better future.
In December last year, Twitter relaunched its Blue subscription service with verification, costing $8 for Android users and $11 for iPhone owners per month.
The Expo Centre Sharjah has made a noteworthy appearance at the 2023 Global CEO Summit, hosted by the prestigious Global Association of the Exhibition Industry (UFI).