Analysis Retail The tourists are back – and they want to shop till they drop Hotels in the UAE generated AED11 billion ($3 billion) in revenue during the first quarter of 2022, a 20 per cent increase compared with the same period in 2019 as Gulf tourism continues its recovery from the pandemic. In other regions, tourism has been rebounding slowly and unevenly. According to a report from the UN […] July 27, 2022
Analysis Retail Luxury retail rebounds from Covid in the GCC The GCC’s luxury retail market has made a quicker than anticipated recovery following the coronavirus pandemic. An increase in local spending has been a major factor driving the upturn, together with the expansion of the personal luxury market in Saudi Arabia. Figures from Bain & Company show that the GCC luxury goods market shrank by […] July 21, 2022
