Hospitality News | Middle East & Africa.

  • Rwanda’s economic growth is expected to slow to two percent this year from 9.4 percent in 2019 as the COVID-19 pandemic hits tourism, transport and hospitality, the finance minister said on Thursday. Presenting the draft budget for the 2020-21 fiscal year, Uzziel Ndajigimana said growth was expected to rebound next year to 6.3 percent and improve further to eight percent 2022. He said the country plans to increase government spending by 7.5 percent in the 2020/21 fiscal year to USD 3.43 billion. https://bit.ly/2XAYQyD
  • The World Tourism Organization (UNWTO) has joined forces with CNN International for a major new initiative designed to inspire people to get ready to travel again. The #TravelTomorrow campaign combines the key message of the United Nations specialized agency with the creativity of the broadcaster and looks to a brighter future for global tourism and those that are reliant on the sector for their livelihoods. https://bit.ly/3gqig1Q
  • Showing the impact of the COVID-19 pandemic, hotels in the Middle East and Africa reported unprecedented performance lows during April 2020, according to data from STR. Middle East hotel occupancy fell 58% to 31.2%, ADR dropped 35.1% to $95.54 and RevPAR decreased 72.7% to $29.82. Africa’s hotels reported occupancy fell 79.8% to 12.5%, ADR declined 31.1% to $77.85 and RevPAR decreased 86.1% to $9.75. https://bit.ly/2zyzSrR
  • As the UK looks to emerge from the COVID-19 lockdown, business leaders have been calling upon the Government to set out its plan for how we might return to some sense of normality. Unsurprisingly, the hospitality industry has been amongst the most vocal, given numerous concerns over the practicalities of reopening venues under social distancing guidelines. https://bit.ly/2A6DxwZ
  • Hospitality industry bears the brunt of the black swan event that is Covid-19 https://bit.ly/3c7JY05
  • Upswing in travel costs can lead to a slow recovery of tourism industry post-COVID-19, says GlobalData https://bit.ly/3elw23X