A recent report from the World Travel and Tourism Council (WTTC) has highlighted the exceptional performance of the UAE’s travel and tourism sector in 2024. The sector contributed AED257.3 billion ($70.1 billion) to the national GDP, accounting for 13% of the economy. This reflects a 3.2% increase from 2023 and an impressive 26% growth compared...
Qashio, a leading provider of spend management solutions, has partnered with Visa, a global leader in digital payments, to launch ‘Qashio for Travel.’ This innovative payment platform is designed to tackle the specific operational and financial challenges faced by the travel industry. The announcement was made during the Arabian Travel Market (ATM) 2025, which is...
The GCC region has emerged as a global hotspot for tourism, attracting 68.1 million visitors in 2023 and generating a record $110.4 billion in revenue. According to data from GCC-Stat, this marks a 42.8% increase in tourist arrivals compared to pre-pandemic levels in 2019. The Gulf countries are making steady progress towards their 2023-2030 tourism...