HVS COVID19 Middle East Update - Government Initiatives at a Glance
By Hala Matar Choufany, President for HVS Middle East, Africa & South Asia and Managing Partner of HVS Dubai and Irmak Sen, Research analyst at HVS Dubai
The tourism and hospitality sector that added joy and adventure to our travel experience, connected us globally and created working opportunities is now badly hurt and will take time to recover but the support from all stakeholders including governments, management companies, developers, owners, employers and employees has also been remarkable. We chose to look forward to a strong and safe come back... we should prepare for the future traveller needs and understand how these unprecedented times will impact their behaviour and preferences. Stay tuned for more thoughts and opinions on the future of the industry.
Government initiatives at a glance- the tourism industry contributes up to 12% of the GDP of these countries.
How was the sector impacted and what is the near to mid-term outlook? Share with us your views, we would love to hear from you.