Dubai Expo 2020 Boosts Tourism Growth As Omicron Spreads Globally | To travel

Dubai’s business conditions accelerated last month, before the omicron variant began to spread, as the easing of travel restrictions and the Expo 2020 exhibit helped boost the city’s key tourism industry.

Bloomberg | | Posted by Zarafshan Shiraz

Dubai’s business conditions accelerated last month as the easing of travel restrictions and the Expo 2020 exhibit helped boost the city’s key tourism industry, ahead of a further rise in coronavirus cases.


Dubai’s business conditions accelerated last month, before the omicron variant began to spread, as the easing of travel restrictions and the Expo 2020 exhibit helped boost the city’s key tourism industry.

The IHS Markit Purchasing Managers Index for the main Middle East business center jumped to 55.3 in December from 54.5 in November, remaining above the 50 mark that separates the contraction growth, and reaching the highest level since June 2019. Employment also jumped in one of the strongest expansions since the start of the pandemic.

Yet businesses continued to struggle with higher costs, with input price inflation accelerating to its highest level since March. And uncertainty about the pandemic, as the omicron variant began to take hold at the end of last month, has meant companies were less optimistic about 2022, with just over 12% confidence in growth this year. year.


Before the emergence of the omicron strain, the UAE had been successful in controlling cases for most of 2021. Infections in the country, of which Dubai is a part, topped 2,000 for the first time in six months in December.

  • Businesses Worried About Omicron’s Impact on New Business and Travel
  • Businesses cited improved local sales with growing consumer confidence
  • Travel and tourism led sales growth, followed by wholesale and retail trade
  • Production in the non-oil economy has grown at a rapid rate
  • Higher commodity prices have often discouraged purchasing activity and companies have also noted rising energy prices
  • Average prices charged by non-oil businesses fell for a sixth consecutive month, but the pace of the decline slowed

This story was posted from an agency feed with no text editing. Only the title has been changed.




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