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Etihad Airways Reports AED 1.4 Billion Profit in 2023

In 2023, Etihad Airways achieved an operational profit of AED 1.4 billion, indicating significant growth compared to 2022. The CEO of Etihad Airways attributed these results to the strong comeback of the company after two challenging years caused by the COVID-19 pandemic. He stated that Etihad Airways witnessed increased demand across all market segments in 2023 and strategically increased its capacity to respond to this demand.

Create: Apr 7, 2024 Edit: Apr 7, 2024 International News

jazeera airways Increases Net Profit

jazeera airways, one of the most popular airlines in the Middle East, reported a net profit of $20.3 million in 2023. Moreover, in 2023, jazeera witnessed a 30.6% increase in its passenger numbers, compared to 3.6 million passengers in 2022. jazeera airways will continue expanding its fleet and flight routes in 2024 to sustain its growth and advancement. Currently, jazeera airways operates flights to 34 destinations in the Middle East, Europe, and Asia. The airline's fleet includes 34 modern aircraft, including 17 Airbus A320neo, 10 Airbus A321neo, and 7 Airbus A330neo aircraft.

Create: Apr 7, 2024 Edit: Apr 7, 2024 International News

Malaysia Airlines Returns to Profitability

After 13 years, Malaysia Airlines (MAS) finally returned to profitability in 2024, driven by high demand for travel and increased airfare prices among other factors. The CEO of Malaysia Aviation Group attributes the airline's profitability to increased passenger traffic in high-yield segments and more international flights. In 2023, the airline transported approximately 14.5 million passengers, marking a 46% increase from the previous year. Additionally, by December, passenger numbers had reached 86% of pre-pandemic levels, with expectations to fully recover to pre-pandemic levels by the second quarter of 2024.

Create: Apr 3, 2024 Edit: Apr 3, 2024 International News

Dubai's Food & Beverage Sector Attracted $577 Million in FDI

The food and beverage sector of the United Arab Emirates generated a net income of $16.4 billion from retail sales in 2023. Out of this figure, $9.8 billion stemmed from the sales of fresh food items, while $6.6 billion was attributed to packaged food sales. Moreover, it is projected that beverage sales in the country will increase from $1.6 billion in 2023 to $2 billion by 2028. Additionally, there is a notable upward trend in online grocery shopping in the UAE. This figure reached $1.1 billion in 2023 and is expected to continue growing at a rate of 9.5 percent annually until 2027.

Create: Apr 3, 2024 Edit: Apr 3, 2024 International News

Spain Emerges as a Popular Destination for GCC Tourists

The Spanish Tourism Board in the GCC region has reported a significant increase in tourist arrivals from this area in 2023, indicating Spain's growing popularity as an attractive tourist destination for GCC residents. The notable surge mainly stemmed from countries such as Saudi Arabia, the United Arab Emirates, and Qatar. Spain's allure lies in its cultural diversity, historical attractions, stunning beaches, and favorable climate, with expectations for increased demand for travel to Spain from the GCC in 2024. The lifting of travel restrictions, the increase in direct flights, and the introduction of new attractions are expected to contribute to this upward trend.

Create: Apr 2, 2024 Edit: Apr 2, 2024 International News

New Record for Air Arabia in Profitability and Passenger Numbers

Air Arabia Airlines, recognized as the leading budget airline in the Middle East and North Africa, achieved a new record in passenger numbers and profitability in 2023, transporting 58.4 million passengers. The company experienced a 12.7% increase in passenger traffic and approximately a 14.5% rise in operational revenue last year. The CEO of the company stated: "We are thrilled with this outstanding achievement, which demonstrates Air Arabia' commitment to providing quality and cost-effective services to passengers.""We are committed to further growth in the coming years through investment in our fleet and expanding our flight network," he added. Currently, Air Arabia Airlines operates flights to 170 destinations across the Middle East, North Africa, Europe, and Asia.

Create: Mar 8, 2024 Edit: Mar 8, 2024 International News

Istanbul Airport Declares 2024 as the "Year of Investment"

Istanbul International Airport, one of the busiest airports in the world, has named 2024 as the "Investment Year."The airport's management has announced a €160 million investment in 2023 and has set a target of €656 million for 2024. With an increase in the number of passengers and flights in 2024, Istanbul Airport aims to continue its growth trajectory. The airport's goal is to attract 85 million passengers in 2024.

Create: Mar 8, 2024 Edit: Mar 8, 2024 International News

Rise in Russian Tourists Visiting the Aegean Sea Coast

The Association of Tour Operators of Russia has reported an 8.1% increase in the number of tourists from this country traveling to the Caspian Sea coast in 2023 compared to the previous year. Popular destinations in Turkey on the Caspian Sea coast, including Dalaman, Marmaris, and Fethiye, hosted 391,000 tourists in 2023, indicating significant growth in the tourism industry in this region. Russian tour operators predict that demand for travel by Russian tourists to the Caspian Sea coast will continue to increase in 2024, despite the potential shortage of accommodation in quality five-star hotels.

Create: Mar 8, 2024 Edit: Mar 8, 2024 International News

Gen Z Drives Outbound Travel Growth in the Gulf Region

With a forecast of significant growth, the outbound travel market of the Gulf Cooperation Council (GCC) countries is expected to reach $57.5 billion by 2028. This increase is primarily due to rapid growth in outbound tourism in the United Arab Emirates and Saudi Arabia, indicating an increasing inclination of people in this region to travel abroad. Moreover, Generation Z is recognized as the vanguards of this growth. This generation increasingly utilizes the "Bleisure" trend, a combination of business and leisure, to create a balance between their personal and professional lives.‌

Create: Feb 28, 2024 Edit: Feb 28, 2024 International News

Global Hotel Alliance Sets New Record

The Global Hotel Alliance (GHA), the world's largest alliance of independent hotel brands with 40 hotel brands, has announced a new record in 2023.Celebrating its twentieth anniversary, the alliance witnessed a 20% increase in Gross Operating Revenue (GDR) compared to 2022. Additionally, the number of reservations surged by 30%, with a 25% increase in member hotels. GHA also expanded into 10 new markets in 2023. This success is attributed to various factors including GHA's focus on innovation and technology, providing unique services and benefits to member hotels, and establishing a strong network of independent hotels worldwide.

Create: Feb 23, 2024 Edit: Feb 23, 2024 International News

Egypt's Tourism Industry Breaks Record

Egypt's Minister of Tourism and Antiquities announced a record-breaking influx of 14.9 million tourists to the country in 2023, marking a new milestone in Egypt's tourism history.In the final quarter of 2023 alone, 3.6 million tourists visited Egypt, surpassing the previous record set in 2010. The Minister of Tourism also highlighted a 9% increase in tourist arrivals during the first 19 days of 2024 compared to the same period last year.

Create: Feb 23, 2024 Edit: Feb 23, 2024 International News

Emirates to Increase Flights to Australia

In a move to expand its operations in Australia, Emirates has announced it will increase its services to the country.Starting October 1st, Emirates will upgrade its second daily flight between Dubai and Brisbane (EK430/431) to an Airbus A380.This upgrade will significantly increase passenger capacity and provide a more comfortable and relaxed travel experience for passengers. In addition, Emirates will launch a second daily service between Dubai and Perth on December 1st, operated by a Boeing 777-300ER.This move demonstrates Emirates' commitment to expanding and strengthening its presence in the Australian market.

Create: Feb 23, 2024 Edit: Feb 23, 2024 International News