 |
|
| Economy |
|
|
|
Travel agencies report hike in reservations after Ramadan slump
Kuwait News Agency - 17 August, 2012 A number of representatives of and workers at travel agencies reported "heavy booking action" for the Eid holidays after the slump seen with the sector during the holy month of Ramadan as Kuwaitis prefer to spend the fasting season at home with family and friend and postponed their touristic action for later.
In separate remarks with KUNA, they noted the period from the Eid holiday all the way till end of school break saw hikes in reservation of 40-200 percent, with destinations such as Dubai and Istanbul particularly popular despite record-high prices for both.
There was such strong demand, they added, that some families had to postpone or even cancel their holidays, failing to secure booking.
One particular hitch in the season was the political instability in Lebanon which resulted in the cancellation of bookings for Beirut, particularly after the warning issued by the Kuwaiti Foreign Ministry against nationals traveling to the Arab country, along with similar warnings by Gulf countries.
When it came to new attractions and destinations this year, they noted there was particular interest in Bosnia and Herzegovina and Bulgaria.
Travel agent Hassan Abdulkarim said the relatively short holiday and the political instability largely limited choices to destinations such as Dubai, Istanbul, and east Asia. The surge in demand was met by airliners listing additional flights, "and it is by now extremely difficult to secure booking for the main destinations this season."
One thing that confuses agents' plans, he said, is that many Kuwaitis decide on their destinations and time of travel "with too little time left for arranging it all".
Abdulkarim said that in addition to making it harder for the agent to arrange the trip, this means that the customer pays a lot more as a result of hike in prices and lack of options.
Mohammad Al-Tasabahji, a travel agency manager, told KUNA the scene now shows 16 flights to Dubai per day for the Eid season, with only KAC, Emirates Airline, FlyDubai, and Jazeera Airways offering direct route.
There was a drop meanwhile in bookings for Cairo, Beirut, and Damascus as a result of the political situation and the majority of bookings to these destinations are by people visiting or returning home rather than tourists.
When it comes to prices for Kuwaitis' top destination Dubai, he said the prices are high compared to those seen before Ramadan, despite the offers of four-star and five-star hotels. The increase in price stands between 45 and a whopping 85 percent, he noted.
Bookings for Europe dropped due to the short holiday and the fall season, but London bookings were unaffected and the British capital remains as ever Kuwaitis' top destination, he remarked.
Al-Tasabahji said there was increase in use of online booking, but noted this comes with limitations such as inability to change timings after making payment, and the fact that there is use of credit cards involved. This is why some customers still prefer to go through an agent.
Mubasher Asharaf, a bookings manager at a travel agency, said he saw Kuwaitis mainly opting for three destinations for Eid and the following weeks; Dubai for trips lasting no more than seven days, east Asia for 7-10 day trips, and Europe for trips over 10 days.
Young customers, he pointed out, preferred Dubai, Bangkok, and Sharm El-Sheikh, while families opted for Istanbul and Europe, along with Dubai with its attractive proximity.
Prices for Dubai, he agreed, have surged considerably. "The surplus in demand leads to listing extra flights and the difficulty in securing bookings for such season results in doubling of prices for tickets." |
|
|
 |
|
|
|
|
|
| BP to invest $2.9 billion in Iraq field |
| Source : Gulf Daily News |
| Date : 2013-05-23 |
| Oil major BP has allocated $2.85 billion to develop Iraq's Rumaila oilfield in 2013, up from $2.2bn last year, the head of the joint management committee for the field yesterday... |
 |
|
|
|
| Key scheme for remitters |
| Source : Gulf Daily News |
| Date : 2013-05-23 |
| Xpress Money has, in partnership with Union Insurance, launched a free life insurance cover scheme for its Bahrain remitters.... |
 |
|
|
|
| Asry planning to set up new floating dock |
| Source : Gulf Daily News |
| Date : 2013-05-23 |
| Asry plans to set up another floating dock entailing a multimillion investment, it has emerged.... |
 |
|
|
|
| RedTag plans to open more stores in Bahrain |
| Source : Gulf Daily News |
| Date : 2013-05-23 |
| RedTag Group, the Dubai-based value fashion chain, plans to open three more stores in Bahrain over the next couple of years, the company's top official has said.... |
 |
|
|
|
| Saudi business leaders learn strategy execution from a global expert |
| Source : Saudi Gazette |
| Date : 2013-05-23 |
| Over 200 business leaders, mostly Saudis, attended a stimulating one-day seminar on 'Successful Strategy Execution' with the globally renowned management expert, Dr. David Norton, the co-founder of the unique management... |
 |
|
|
|
| Oman's rail project to spawn services industry |
| Source : Oman Daily Observer |
| Date : 2013-05-23 |
| The Oman National Railway Project is expected to catalyse the growth of manufacturing industries and support services, all of which will also contribute significantly to employment generation, say authorities overseeing... |
 |
|
|
|
| Regional turmoil prompts Saudis to change their vacation plans |
| Source : Arab News |
| Date : 2013-05-23 |
| Local tourism experts predict that the political uprisings in Syria, Lebanon, Egypt and other Arab countries has had an impact on Saudis' vacation choices.... |
 |
|
|
|
| Oman Air to buy A330-300 aircraft |
| Source : Oman Daily Observer |
| Date : 2013-05-23 |
| Oman Air, the national carrier of the Sultanate of Oman, has placed an order for three A330-300s, thus increasing its A330 fleet to 10 Airbus aircraft.... |
 |
|
|
|
| Powdered milk makers seek price hike OK |
| Source : Arab News |
| Date : 2013-05-23 |
| A group of powdered milk producers has requested the Ministry of Commerce's authorization to raise the prices of their products ahead of Ramadan. One firm has already gone ahead and... |
 |
|
|
|
| Dubai's 10 biggest villa deals |
| Source : Emirates 24/7 |
| Date : 2013-05-23 |
| Property prices in Dubai are on the upswing, especially in the villa market, with prices rising by 20 per cent last year.... |
 |
|
|
|
| Africa tempts Gulf bond investors |
| Source : The Peninsula |
| Date : 2013-05-23 |
| The lure of sub-saharan Africa, with its geographic proximity and promise of higher returns, is tempting cash-rich Gulf Arab bond investors to look south, a marked departure from the relative... |
 |
|
|
|
| Flood protection dam in Sur |
| Source : Oman Daily Observer |
| Date : 2013-05-23 |
| The Tender Board yesterday awarded various projects worth RO 155 million, including construction of an additional centre at Oman International Conventions and Exhibitions Centre project (second package) valued at RO... |
 |
|
|
|
| Emirates NBD launches $1b bond at 5.75% |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| Emirates NBD launched a $1 billion core capital-boosting bond on Wednesday, amid healthy demand, allowing the Dubai lender to tighten earlier price guidance.... |
 |
|
|
|
| Emirates ups Colombo flights |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| Emirates, one of the world’s fastest growing airlines, will increase capacity on its services to Colombo from June 30, with the addition of three more flights per week, the airline... |
 |
|
|
|
| Flydubai begins Salalah flights |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| Flydubai on Wednesday began flights to Salalah, in the Sultanate of Oman, bringing its operational network to 60 destinations.... |
 |
|
|
|
| 'No word from Vivendi on Maroc Telecom bid' |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| Etisalat has yet to hear back from Vivendi on its bid for the French firm’s 53 per cent stake in Maroc Telecom, its top official said on Wednesday.... |
 |
|
|
|
| Emirates NBD Properties inks Dh122m agreement for retail space |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| Emirates NBD Properties on Wednesday announced a Dh122 million agreement for retail space in Index Tower, located in the Dubai International Financial Centre (DIFC).... |
 |
|
|
|
| Design experts discuss new trends at Index seminars |
| Source : Khaleej Times |
| Date : 2013-05-23 |
| The Index International Design Exhibition and The Office Exhibition, which close today, have provided the regional interior design and architecture community with an inspiring professional experience, organisers said.... |
 |
|
|
|
| Dubai faces billions of maturing debt |
| Source : The Peninsula |
| Date : 2013-05-23 |
| As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the prospects are not... |
 |
|
|
|
| 5-year education plan to be unveiled |
| Source : Oman Daily Observer |
| Date : 2013-05-23 |
| Minister of Higher Education Minister Dr Rawya bint Saud al Busaidiya will unveil education policies covering a number of themes including public and private higher educational institutions, absorption of students... |
 |
|
| Total 445 Results in 23
Pages |
|
|
|
For more news, views and reports about this topic, please subscribe to GRC website: www.grc.ae |
|
|
|
 |
|