INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Dubai seeks new source markets to drive tourism recovery

     

    • Emirate attracted over 5.5 million overseas visitors in 2020

    • Visitor from newer markets in Europe, Africa and the Commonwealth of Independent States (CIS) are compensating for the shortfall from traditional markets

     

    Dubai is actively seeking travelers from the new markets to bolster its tourism industry reeling from the still-unfolding fallout of the Covid-19 pandemic, media reports said.

    Quoting Dubai Tourism chief executive, Issam Kazim, the reports said he hoped that new markets can help compensate for the loss of visitors from key outbound markets where travel continues to be restricted.

    Around 5.5 million overseas tourists visited Dubai last year, compared to 16.7 million arrivals in 2019.

    The United Arab Emirates has banned visitors from India, traditionally a top source market, following the latest outbreak of Covid-19 in the South-Asian nation.

    Meanwhile, the United Kingdom, the third biggest source market in 2019, has barred direct flights and requires travelers from the UAE to hotel quarantine.

    Kazim said visitor numbers from newer markets in Europe, Africa and the Commonwealth of Independent States (CIS) were performing well.

    “All of these markets will start to add up and hopefully fill the gaps and give us a much stronger foundation to build a confident rebound going forward,” Kazim is quoted to have said.

    Dubai had reopened its borders to international visitors last July and was a popular holiday spot over the New Year.

    The Expo 2020  set to start in October, is also expected to drive  a recovery in the tourism sector over the coming months.