After the U.S. and Iran announced a two-week ceasefire, UAE hoteliers and holiday home operators are cautiously optimistic about the region's recovery.
Coral Beach Resort Sharjah is the first hotel in the Middle East to sign the Glasgow Declaration. But the real question for hotel owners is whether these pledges translate into lower costs or stronger demand in a region still heavily reliant on fossil fuels.
Between insurance hurdles and tight capacity controls, the line between “can’t fly” and “won’t fly” in this complex operating environment is becoming increasingly blurred.
Iran’s retaliatory strikes hit Middle East destinations’ civilian infrastructure. The region’s $460 billion tourism machine is counting the cost. Here we provide both the diagnosis and the decision architecture for what comes next.
Khalaf Ahmad Al Habtoor’s comments carry weight because he is behind some of the UAE’s largest hotels and because he is one of the rare hoteliers to speak out about the war's disruption to business.
The ongoing war in the Middle East has led to airspace closures and grounded planes, causing ticket prices to surge on high demand, increased fuel costs and rising insurance premiums.