General Travel News

Global Economic Crisis Impacts Hospitality Sector

Industry experts addressing delegates at the Arabian Hotels Investment Conference 2009 said the hospitality sector has been deeply affected by the global financial crises. They said there are signs of improvement but it is far from over. Deutsche Bank CEO for the Middle East and North Africa, Dr. Henri Azzam  said it “could be deeper and longer than many of us anticipated.”  Deloitte’s Global Managing Partner for Hospitality, Martin Russ, said Sars and the Gulf War look like blips compared to the effects of the global economic downturn.

However, while speaking about regional trends in the real estate market, Global CEO at Jones Lang Lasalle Hotel noted the Middle East is one of the few regions where positive economic growth is forecast for 2009.  The International Monetary Fund forecast 2.5% growth for the Middle East in its April Global Economic Update.

More General Travel News
Prizes and concerts to mark 10th year of “Eid in Dubai”
Dubai among top 10 international meetings destination
Special Ramadan cultural events at Manarat al Saadiyat, Abu Dhabi 
Latest Travel News
Prizes and concerts to mark 10th year of...
Eid brunch at Bahi Ajman Palace Hotel...
Philippine Airlines re-launches business...
Featured Sights To See
Galata Tower

Galata Tower

Istanbul, Turkey

The Galata Tower was for a long time the tallest building in Istanbul at more than 65m.  The Genoese built the circular tower in 1348 as part of their fortifications in Galata, just across the Golden Horn from the heart of Constantinople. It was built in the medieval style, capped with a conical roof.  The Ottomans used it as a watchtower to spot fires.  The cone on top collapsed in...

Heritage House Museum

Heritage House Museum

Doha, Qatar

This museum is located in a building dating back to the 1930s. It showcases the ethnography of Qatar. The architectural style definitely invokes nostalgia for the old Doha. The stone tower was a feature common to structures in the gulf region since they kept buildings ventilated and cool even in soaring temperatures. Even the exhibits harken back to a time now lost.  Most of the pieces showca...

Liberty Monument

Liberty Monument

Budapest, Hungary

A 14m statue of a lady with the palm frond, she symbolises freedom throughout Budapest. Erected in 1947 in tribute to the Soviet forces that died liberating the city at the end World War II, she can be found east of the citadella. Location: Szabadsag-szobor  ...

The Buenos Aires Museum of Modern Art

The Buenos Aires Museum of Modern Art

Buenos Aires, Argentina

The Buenos Aires Museum of Modern Art is worth a visit while you are here. It boasts a large collection of art and is situated on the main street of San Telmo: 350 San Juan Avenue. Entry is free. Website: http://www.museodeartemoderno.buenosaires.gov.ar/ In the nighttime, this area comes alive with an underground dancing, restaurant and club scene. Some good Tango bars where they offer free cl...