Tourism revenues in Turkey dropped 16.5 per cent year-on-year to $4.07 billion in the first quarter, the Turkish Statistics Institute said on Friday.
Last year as a whole, tourism revenues fell 8.3 per cent to $31.5 billion. - Reu
The airline industry’s focus on improving baggage management is showing strong results with 2015 baggage mishandling rates dropping to 6.5 bags per 1,000 passengers, the lowest ever recorded.
According to the Sita Bag
Asian shares extended losses to three-week lows, while the yen soared to a 17-month high against the dollar as investors bet Japan would be hard pressed to drive down its currency in the face of widespread foreign opposition.
Hospitality activity in Saudi Arabia displayed signs of a slow down during the last quarter of 2015 as occupancy rates dipped across the kingdom, with Jeddah (down 14 per cent) being the hardest hit.
The materialisation rate of de
Yields on one-year and six-month treasury bills dropped at auctions as the Finance Ministry sold all amounts on offer, data from the central bank showed.
The average yield on Egypt's 182-day bill fell to 13
The number of foreign visitors going to Turkey fell 10 per cent in February, the biggest drop in a decade, amid security concerns for a country feeling the spillover effects from the war in Syria.
Turkey has been hit by a spate a
Hotels in the Middle East reported negative results in key performance metrics this February, posting a 5.3 per cent decrease in occupancy to 70.2 per cent compared to February 2015, said a report.
Average daily rate for the
Abu Dhabi's hospitality sector reported declines across key performance metrics in February with the steepest fall recorded in revenue per available room (RevPAR), which fell 32.5 per cent to Dh376.17 ($102.4) year-on-year, said a report.
Hotels in the Middle East reported negative results in January with a 3.8 per cent decrease in occupancy to 70.3 per cent, said a report.
According to January 2016 data from STR Global, a leading provider of global hotel data, Ave
The United Nations plans to make its first air drops of food and other aid in Syria, to Deir Al-Zor, an eastern city of 200,000 besieged by Islamic State militants, the chair of a UN humanitarian task force said.