Travel
UAE tourism investments expected to hit AED100 billion by 2031
MENA Newswire News Desk: The UAE’s tourism sector is showing strong growth, in line with the UAE Tourism Strategy 2031, which targets AED100 billion in investments and seeks to boost the sector’s GDP contribution to AED450 billion by 2031.…
Record-breaking year for Tokyo with 19.54 million visitors
In a remarkable recovery from the COVID-19 pandemic, Tokyo welcomed a record-breaking 19.54 million international tourists in 2023, a sharp increase from previous years, as reported by the Tokyo metropolitan government. This surge…
Post-pandemic, private jet industry sees significant downturn
Private jet flights have declined by 15% during the first half of the year, falling from their peak in 2022, signaling a significant downturn in the industry’s demand. This waning interest contrasts sharply with the surge in travel seen…
Delta Air Lines cancels thousands of flights following Microsoft IT outage
Delta Air Lines is grappling with unprecedented flight cancellations as it struggles to recover from a major IT outage linked to Microsoft that began on Friday. The Atlanta-based airline has canceled over 4,600 flights from Friday through…
Ryanair shares plunge 14% as quarterly profit drops 46%
Ryanair shares plunged 14% on Monday after the budget airline reported a significant 46% drop in quarterly profit, attributing the decline to weaker-than-expected fares. The airline also warned of lower fare expectations in the upcoming…
Paris Olympics expected to cause slump in Air France revenue
Air France-KLM has expressed concerns over potential financial setbacks due to the Paris Olympics, projecting a substantial decrease in travelers to and from the city this summer. As the city gears up to host the international sporting…
Japan secures third spot in global tourism competitiveness report
In the latest travel and tourism development report released by the World Economic Forum on May 21, 2024, Japan has been ranked as the third most desirable global travel destination. The report underscores Japan’s abundant natural and…