It's been a year since the Israel-Hamas conflict started. With no end in sight, the conflict continues to drag down tourism growth in Jordan and Egypt.
Saudi Arabia has created another investment fund, this time under the banner of its mega-city Neom. The Neom Investment Fund will spread its vast amount of cash around the world, investing in businesses it sees as futuristic or industry-changing.
In this Skift Middle East Report, we also look at the changing face of Saudia Arabia, looking to become a leader in sustainability, culture and yacht parties.
Dubai's tourism bull run continues. Rates are at some of their highest levels, the city has more than 800 hotels, and close to 10 million travelers have flown in to bear witness. Neighbor Qatar, sitting on its supply of lush World Cup hotels, is probably feeling jealous.
Wego's expansion into the business travel sector, facilitated by its acquisition of Travelstop, is a strategic move driven by market opportunities and the company's desire for diversification and growth.
It's not surprising that the Middle East is prioritizing hotel development to accommodate a growing influx of tourists. This proactive approach aligns with their broader economic and tourism strategies to foster long-term growth and competitiveness in the global tourism market.