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Halal travel spend to hit $200bn by 2020As per 'The GCC Outbound Travel Market', a report prepared by UNWTO and ETC with the support of Value Retail, per-capita international tourism spending from the GCC was 6.5 times higher than the global average last year, with expenditure More… |
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Nearly 40pc European travellers to increase holiday spend - studyAs the summer holidays approach, Europeans may be about to increase their travel budgets. New research has found that a significant percentage of European travellers plan to spend more on holidays in 2018. Global travel technology More… |
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DSF card spends rise up 6.75pc in 2018Card spending during the Dubai Shopping Festival (DSF) has continued to increase over the past five years, with spends volume increasing by 6.75 per cent in 2018 compared to 2017, according to data from Network International, a leading payment s More… |
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Halal travellers 'top international tourism spenders'Muslim travellers are the biggest spenders when it comes to international travel, with studies showing a halal traveller spending about $10,410 on average per trip outside the Gulf. Halal tourists are proven to travel with more fa More… |
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Regional outbound travel spend to hit $110bn by 2025Expenditure on outbound travel from the Middle East is expected to reach $110 billion by 2025, recent reports show. Highlighting the buoyant outbound travel market, data from various reports have shown that outbound business and l More… |
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Consumer experiences drive spending at DSFConsumer spending on experiences, rather than more traditional sectors like fashion retail and luxury goods, saw the biggest growth during the first two weeks of Dubai Shopping Festival (DSF), revealed global payments technology company Visa. More… |
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Oman oilfield ICV spend targeted at $3.5bnOman’s oilfield in-country value (ICV) generation has been targeted at about 32 per cent of the sector's total oil and gas expenditure in the year 2020, which roughly equates to $3.5 billion, according to a report. More… |
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Smokers burn $392m a year in BahrainSmokers in Bahrain spend approximately BD148 million ($392.8 million) a year, according to a survey. A smoker spends an average of BD2 for two packs of cigarettes daily, while the number of smokers in the country is estimated at 206,000, repre More… |
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ME security market spend to surge 36pcThe spending on the Middle East physical security market is set to surge 36 per cent this year, as infrastructure investment coupled with increased urbanisation fuels demand for equipment to protect critical assets and people, according to new More… |
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Luxury goods-real estate London link in focusThere is a correlation between luxury goods and residential real estate sales in London due to purchasing by the same high-net-worth spenders from resource rich countries in the Middle East, Asia and Africa, according to a report. More… |
