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    Strong second quarter propels DXB’s H1 traffic to 27.9m passengers

    A steady surge of growth throughout the second quarter has propelled Dubai International’s (DXB) half yearly traffic to 27.9 million passengers, just 1.2 million shy of the airport’s total annual traffic last year. DXB achieved the milestone despite a significant reduction in capacity resulting from the 45-day closure of its northern runway in May-June for a major refurbishment project.
    Key Figures
    Maintaining its growth recovery for the ninth successive quarter since the start of the pandemic, DXB recorded 14.2 million passengers in the second quarter of 2022, a year-on-year jump of 190.6%. The hub welcomed a total of 27,884,888 passengers in the first half of the year, up 161.9% compared to H1 2021. The traffic volume represents 67.5% of DXB’s pre-pandemic passenger traffic during the same period in 2019.
    Top Destinations
    India remained DXB’s top destination country by passenger numbers with traffic for the first half reaching 4 million passengers – driven primarily by top city destinations such as Mumbai, Delhi, and Hyderabad. Saudi Arabia was second on the list with 2 million passengers, followed closely by the United Kingdom with 1.9 million passengers. Other country destinations of note include Pakistan (1.7 million passengers), and the U.S. (1.4 million passengers).ADVERTISEMENTThe top three cities were London with 1.3 million passengers, Riyadh (910,000 passengers), and Mumbai (726,000 passengers).

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    EMAAR SIGNS A DEAL WITH DUBAI HOLDING TO FULLY ACQUIRE DUBAI CREEK HARBOUR

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    EMAAR SIGNS A DEAL WITH DUBAI HOLDING TO FULLY ACQUIRE DUBAI CREEK HARBOUR

    Emaar Properties announced it would fully acquire Dubai Creek Harbour, the major development located along the historic Dubai Creek waterfront, from Dubai Holding for a consideration of AED 7.5 billion to be paid equally in cash and shares of Emaar Properties PJSC, thus making Dubai Holding the second largest shareholder of Emaar.
    Emaar recorded sales of AED 4.2 billion in 2021 and AED 3.6 billion sales in Dubai Creek Harbour in the first half of 2022. Dubai Creek Harbour has approximately 100 million sq. ft of future development which will provide future profit potential to Emaar.
    A spokesperson of Emaar said: “The purchase agreement with Dubai Holding represents another important achievement in Emaar’s rich history as we continue to expand our strategic land bank and build sustained value for our shareholders. We are determined to support the Government’s vision for sustainable urban development in Dubai while providing a redefined experience for residents and visitors.”
    A spokesperson of Dubai Holding said: “We are pleased to announce the sale of Dubai Creek Harbour to Emaar, subject to finalisation. This is a landmark transaction that benefits both parties. As joint venture partners, we have created meaningful value in Dubai Creek Harbour, and the transaction represents a significant monetisation for us. We look forward to our investment in Emaar as a reference shareholder and the diversification benefits it offers, and we are confident that Dubai Creek Harbour will continue to reach greater heights and success.”

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    HKECIA welcomes new COVID-19 rules

    The Hong Kong Exhibition & Convention Industry Association (HKECIA) welcomes the decision of the HKSAR Government to reduce hotel quarantine for inbound travellers from seven to three days, followed by four days under medical surveillance at home.  Reducing the number of days for hotel quarantine will help ease the burden on Hong Kong residents returning to the city and incoming international travellers.
    However, inbound visitors are not allowed to attend any exhibitions held in event premises, e.g. trade fairs, exhibitions, conferences, etc, during the four days of medical surveillance.  The new arrangement and the reduction of number of days for hotel quarantine thus will make no difference for the exhibition industry.
    Mr Stuart Bailey, Hong Kong Exhibition & Convention Industry Association (HKECIA) Chairman, commented that while the HKECIA appreciates Government’s direction of relaxing restrictions, our members and the exhibition and convention industry urge the Government to implement quarantine-free travel as soon as possible. During this interim period, they hope the Government to relax restrictions for business travellers and allow overseas exhibition organisers, exhibitors and buyers with the Amber Code to run and attend exhibitions at event premises with their face masks on and appropriate social distancing and preventive measures.
    With decades of effort by the Hong Kong Exhibition & Convention Industry Association (HKECIA) members, Hong Kong has attained its hard-earned reputation as the Trade Fair Capital of Asia.  Some 140 exhibitions were held in a ‘normal’ year at the AsiaWorld-Expo and the Hong Kong Convention and Exhibition Centre, drawing millions of trade buyers and exhibitors from all over the world.  These high-spending business travellers generated tremendous tourism receipts for hotels, restaurants and shops, and hence created tens of thousands of jobs.  The exhibition industry has been an important pillar to Hong Kong’s economy and will be a core engine for the economy rebound.

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    Dubai Mall owner Emaar to discuss selling its e-commerce business

    The board of Dubai’s Emaar Properties (EMAR.DU), which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said on Monday.
    The meeting, disclosed in a statement, will be held a week after Emaar announced a $2 billion cash and stock buyout of a joint venture partner in one of its real estate projects.
    Emaar, known for building the world’s tallest tower, the Burj Khalifa, and other iconic parts of Dubai, bought Namshi for a total of $281 million after first acquiring a 51% stake in 2017 before buying the remaining 49% in 2019.

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    Mark Warner adds Greek resort to summer 2023 portfolio

    Mark Warner has added a resort in Lesbos, Greece to its portfolio for summer 2023.
    The Aeolian Village Beach Resort will undergo a €2 million refurbishment this winter, with bars and restaurants upgraded and childcare facilities added to the hotel infrastructure already in place.
    Watersports and cycling centres will join the existing facilities, along with Mark Warner’s first padel tennis courts – where players use paddles instead of rackets.
    Holidays to the resort, near Skala Eressos village, will go on sale “in a few weeks’ time”, the specialist ski and sun operator said.
    Managing director David Hopkins said: “After a successful summer this year, we’re delighted to be growing the programme next year with the addition of the Aeolian Village Beach Resort, which we know will quickly establish itself as a Mark Warner customer favourite.ADVERTISEMENT“We’re particularly excited by the new partnership we have formed with the resort owners who run a portfolio of quality properties in Cyprus, with Aeolian Village being no exception, as can be seen in the excellent customer satisfaction ratings they are achieving this summer.
    “We are looking forward to a long and fruitful partnership with owners who really understand the business.”

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    World Travel & Tourism Council welcomes inflation reduction act of 2022

    WTTC welcomes the Inflation Reduction Act of 2022 and its numerous business-smart clean energy tax incentives expansions and extensions.
    “The Travel & Tourism sector is a catalyst for meaningful climate action and emissions reduction, as evidenced by our groundbreaking Net Zero Roadmap supporting our sector’s drive toward net zero. This bill will help accelerate our Members’ climate commitments with provisions like the sustainable aviation fuel credit, energy efficient buildings deduction, and zero-emission port equipment and technology investments.
    “While these are important building blocks for meaningful change, we call on the U.S. to continue putting climate change front and centre of everything they do to help protect life on our planet. We also urge world leaders to give more support to the global Travel & Tourism sector as it continues its journey towards net zero.

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    Prince Harry, Meghan to visit UK, Germany next month

    Prince Harry and his wife Meghan, the Duchess of Sussex, will visit the U.K. next month for the first time since they returned for Queen Elizabeth II ’s Platinum Jubilee celebrations.
    A spokesperson for the couple said Monday that they will “visit with several charities close to their hearts” in the U.K. and Germany.
    Harry and Meghan will travel to the northern English city of Manchester on Sept. 5 for the One Young World summit, a youth leadership event with hundreds of international participants from across the world. Meghan is expected to give the keynote address at the opening ceremony.
    They will then head to Duesseldorf, Germany, for an event on Sept. 6 counting down to next year’s Invictus Games, the annual sporting event that Harry founded in 2014 for wounded and sick servicemen and women. The couple then return to London for an awards ceremony for the charity WellChild.

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    Ontario International Airport extends run topping pre-pandemic passenger volume

    July marked the fifth straight month in which Ontario International Airport (ONT) recorded passenger volumes higher than the same month in 2019, as the Southern California gateway continues to post one of the most impressive post-pandemic recoveries among airports across the United States.
    More than 520,000 airline passengers traveled through ONT last month, an increase of 8.8% over July 2021 and 5% higher than July 2019. The number of domestic and international travelers totaled more than 502,000 and 17,000, respectively, in July. Domestic passenger volume increased by 7.4% compared with July 2019 and 8.7% over July a year ago.
    From January through July, ONT welcomed 3.1 million passengers, 3% more than the same period in 2019 and 48.8% higher than last year.
    The July totals also represented the third straight month in which ONT has exceeded a half-million travelers, and were the most in a single month since at least 2008 – years before the airport’s return to local control.
    “Ontario International continues to deliver strong results as demand for air travel in Southern California rebounds. We expect the trend will continue through the summer travel season and into the fall,” said Alan D. Wapner, president of the Ontario International Airport Authority (OIAA) Board of Commissioners and Mayor pro Tem of the City of Ontario. “The statistics underscore the high level of confidence our guests have in our facilities and services.”ADVERTISEMENT

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