In a region that has been hit hard by the fuel crisis, Air New Zealand CEO Nikhil Ravishankar told Skift that the company is “nervous about what the future holds.”
Dubai built its reputation on staying open no matter what. The Iran war has convinced some of its most iconic hotels that closing — even temporarily — is the smarter move.
Accor insists the UAE is the only market under pricing pressure. But its precautionary "profit protection plan" suggests that hotel weakness could spread.