"Dubai's tourism sector is losing as much as £450 million a day, although the figures have not been independently verified. The downturn follows retaliatory attacks from Tehran after the United States and Israel launched strikes on Iran earlier this year, prompting heightened security concerns across parts of the Gulf."
"Several five-star hotels have either temporarily closed or scaled back operations in recent weeks, with reports suggesting that staff redundancies and unpaid leave schemes are increasing as operators attempt to cut costs."
"It is very quiet, we have no tourists left. The only people now staying here are UAE residents who come for the weekend."
Dubai's tourism sector is experiencing a sharp decline in visitor numbers due to escalating regional tensions linked to the war in Iran. The city, known for luxury travel, is losing an estimated £450 million daily. Heightened security concerns have led holidaymakers to avoid the Gulf region. Several five-star hotels have closed or reduced operations, resulting in job losses and increased unpaid leave. Tourist hotspots are quieter, with venues relying on domestic visitors. Attractions are also scaling back operations amid the downturn.
Read at London Business News | Londonlovesbusiness.com
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