General Travel News

Tourism revival to fuel retail growth

May 9 - A new report by Alpen Capital, entitled GCC Retail Industry Report 2010, said the inflow of tourists and increasing number of passengers in transit will help fuel retail growth in the GCC retail industry. Other factors expected to boost growth in the retail industry are an increase in population, urbanization, and middle class (with increasingly higher per capital income). Gross leasable area (GLA) in the retail space may increase by six million square meters between 2010-2012 according to figures in the report.  

The report’s authors are especially optimistic about increased demand for tourism and say absorption of the incremental retail space will depend on sustained strong growth in tourism.  The report forecasts that tourists and passengers in transit will revive demand, further boosting sales in 2010. “As per our estimates, short-visit tourist retail sales are expected to register revival, while sales at duty-free shops at airports will rise significantly under the impact of rising passenger traffic.”
 

More General Travel News
Germany promoting family vacation, luxurious shopping and medical tourism
Exhibitors from 150 countries and 65 national pavilions expected at Arabian Travel Market Dubai
Discover Russia this summer
Latest Travel News
Emirates A380 Onboard Lounge on display ...
Etihad’s heavyweight promotion at Arabia...
Emirates cuts flights to the United Stat...
Featured Sights To See
Mt. Pleasant Cemetery

Mt. Pleasant Cemetery

Toronto, Canada

A beautiful and tranquil place shaded by stunning trees, this cemetery is the resting place of many interesting people; Prime Minister William Lyon Mackenzie King, Canada's greatest war hero, Lt. Col. William Barker; to name a few Timings: Daily 8AM-Dusk Admission: Free Address: 375 Mount Pleasant Rd Tel: 416/485-9129 Website: www.mountpleasantgroupofcemeteries.ca ...

Maropeng

Maropeng

Johannesburg, South Africa

Maropeng is a new exhibition center that focuses on the evolution of the human race and how we have affected the planet. It consists of a boat ride through a series of tunnels portraying volcanoes, icebergs, and other basic elements of the earth and then to the beginning of time and then the present day. It highlights the formation of the continents, man's emergence and evolution, emergence of tec...

Terra Encantada

Terra Encantada

Rio de Janeiro, Brazil

Address: Av Ayrton Senna 2800, Barra da Tijuca Tel: 2421 9444 Admission: adult/child US$12/14 Opening Times: 2-9pm Thu-Sun, noon-9pm Sun ‘The Enchanted Land’ features the Cabhum, a 64m, 100km/h free fall and Ressaca, a toboggan ride that goes over a waterfall. There are also other thrill rides.  ...

National Museum

National Museum

Kuwait, Kuwait

The National Museum is Kuwait’s first museum, and was the former home of the Al Badr family in Kuwait City. Although the architectural plans were ready by 1960, construction began only in 1981. The museum was once a treasure trove for the royal family, displaying Islamic artifacts and royal material, however after the invasion a lot of it was destroyed. It is located on the Arabian Gulf Street bet...