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April 16, 2014

The Cheesecake Factory Takes its Success Worldwide

Although casual dining has been a long-struggling category in consumer foodservice, the niche segment of premium casual dining has performed particularly well in recent years. Premium casual includes chains such as The Cheesecake Factory, Bonefish Grill and BJ’s. The Cheesecake Factory continues to be a highlight with a strong presence in the US and recent expansion to countries including the UAE, Mexico and Brazil. The chain has consistently outperformed its peers in recent years and is expected to continue to grow worldwide over the next five years.

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April 8, 2014

Euromonitor to Speak at WTM Vision Dubai

WTM_Vision_2014_Dubai_Black

Date: 6 May 2014, 4pm – 5pm local time

Location: Seminar Theatre, Dubai International Convention and Exhibition Centre

Kinda ChebibPresentation : Kinda Chebib, Research Analyst at Euromonitor International, will offer a presentation on the Consumer Trends and Forces Driving Change in the Travel Industry globally and in the Middle East.

View Kinda Chebib's profile on LinkedIn

The global economy is on the mend and arrivals grew again in 2013 at a rate of 4%, reaching record numbers of over one billion world-wide. The Middle East and Africa demonstrated the highest growth despite continued instability and Asia, especially China, remains a key driver of demand. As smartphones become an indispensable part of modern-day life, travel companies offer consumers an increasing number of services for purchasing, researching and experiencing travel. Online and mobile developments enable consumers to bypass traditional distribution, with the sharing economy going from strength to strength. 

Against a backdrop of conflict and unrest in parts of the Middle East, the region’s tourism performance is in a state of stagnation with pockets of growth in the UAE and Saudi Arabia. One of the big success stories is the Big Three airlines and their march to global domination. Dubai pins its hopes on Dubai Expo 2020, whilst Egypt continues to bounce along the bottom affected by ongoing instability.

Conference:

The fifth annual WTM Vision Conference - Dubai, in association with TTN Middle East, will take place during Arabian Travel Market 5th - 8th May 2014on Tuesday 6 May 2014.

WTM Vision continues to offer an unlimited learning experience and this year will focus on presenting the latest travel industry research findings from Euromonitor International. The Travel Industry Forecast Review 2014 provides a global analysis of the travel and tourism industry for the year ahead and includes a focus on the Middle East, highlighing the major challenges facing the region and potential areas for growth.

For more information and to register please click HERE: http://www.wtmlondon.com/page.cfm/Link=56/nocache=13032014#sthash.HHLagELq.dpuf

http://www.arabiantravelmarket.com/en/Sessions/5234/WTM-Vision-Conference-Dubai

 

 

March 30, 2014

Expo 2020 to Boost Dubai Tourism

Kinda ChebibAnalyst Insight by Kinda Chebib - Research Analyst

View Kinda Chebib's profile on LinkedIn

Dubai’s successful bid to host the World Expo 2020, announced in November 2013 in Paris, is expected to attract more than 25 million visitors to Dubai between October 2020 and April 2021. Euromonitor International estimates the economic impact of hosting the event to approach US$24 billion (AED88.2 billion). Around US$7 billion is expected to be spent on tourism-related infrastructure in Dubai.

Expo 2020 to Drive Business Tourism and MICE Beyond United Arab Emirate Borders

Expo 2020 will be a six-month event held at the Dubai Trade Centre in Jebel Ali between October 2020 and April 2021. It is expected to boost the meetings and conference industry in the United Arab Emirates (UAE) and wider GCC and generate strong business event opportunities in the region.

Given the strong marketing impact Expo 2010 had on Shanghai, the event in Dubai promises to outperform Chinese tourism results and impact the entire GCC’s meetings infrastructure and industry. As the neighbouring emirates are expected to participate to Expo 2020, governments and private investors are aiming to develop tourism opportunities in the all seven emirates. For example, the InterContinental Hotels Group development pipeline includes Ras al-Khaimah and Fujairah.

The impact on travel and tourism will be significant, with the Dubai Expo expecting to attract more than 25 million visitors, 70% of which will be incoming, the largest number of international visitors ever reached through an Expo. In fact, the Dubai authorities are targeting 20 million visitors a year up to 2020, which would be a tremendous economic boost for the UAE. However, in light of the anticipated success of World Expo 2020, Euromonitor International expects this figure to rise to 25 million a year. To meet the demands of tourists, Dubai expects to see its hotel inventory double from over 82,000 to around 164,000 hotel and hotel apartment rooms by 2020. Euromonitor International projects a 67% increase in UAE tourism receipts by 2018, with the MICE industry in prime position to contribute to this increase.

Continue reading "Expo 2020 to Boost Dubai Tourism" »

March 15, 2014

What is the True Size of Dubai?

Kasparas AdomaitisAnalyst Insight by Kasparas Adomaitis - Senior City Analyst

As one of the world’s most exciting urban sagas of recent times, Dubai has risen from being a small dessert village in the 1960s to a global city in 2014. The 1990s and 2000s saw particularly intensive periods of construction in Dubai, with foreign immigrants streaming into the area and vastly expanding the city’s size. After nearly defaulting on its debts in 2009, Dubai’s economy is on the up once again, with numerous international companies seeking to profit from the growing consumer base in the city. Potentially, this investor interest should be even more pronounced as the size of Dubai and its consumer base is often underestimated.

The Urbanised Conurbation of the Dubai, Sharjah and Ajman Emirates Forms an Integrated Metropolitan Area

Dubai metro area resized.jpeg

Source: Euromonitor International

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March 2, 2014

Where are the Top 5 Best Tax Environments Globally?

Carrie_LennardAnalyst Insight by Carrie Lennard - Business Environment Manager

View Carrie Lennard's profile on LinkedIn

A country’s business tax rates and the length of time it takes to pay taxes are key factors for companies when deciding which markets to invest in. If tax rates are too high, this can cream off any potential profits the company might have made, while complex procedures for tax payments can add further costs as businesses must pay for accountants and lawyers to navigate tax legislation for them. The United Arab Emirates has the easiest tax environment globally according to The World Bank’s Ease of Doing Business 2014 (‘Doing Business 2014’) out of 189 countries. It is followed by Qatar, Saudi Arabia, Hong Kong and Singapore.

Total Time to Pay Taxes, Total Tax Rate in Selected Countries: 2012

Time (hours)/ tax rate as a % of total profits

Source: World Bank’s Ease of Doing Business 2014

Note: rankings cover the calendar year 2012

Continue reading "Where are the Top 5 Best Tax Environments Globally?" »

February 26, 2014

Euromonitor Wins Business Intelligence Portal of the Year

We are proud to announce that Euromonitor has won the ‘BUSINESS INTELLIGENCE PORTAL OF THE YEAR’ for the second consecutive year at the Trade & Exports Middle East Excellence Awards 2014.  The award honors and recognizes the best in the field of trade and the region’s top performing companies.

Award Middle East Photo

 

February 10, 2014

Euromonitor to Speak at 15th Middle East & Africa PET Resin Trade, Applications & Recycling 2014

MEAPET200x200Date: February 11-12, 2014

Location: Pullman Deira City Centre Dubai, UAE

Speaker: Hussein Doughan

Presentation Topic: Review of the Beverage Industry and Challenges for Growth in 2014 - Growth in iced tea, still drinks, energy drinks, soymilk

Event Description: In its 15th consecutive year, CMT's MEAPET is the platform for engaging presentations from high calibre speakers, expert insights and unrivalled networking opportunities.  It has been themed “Growth or Glut for the Middle East PET Sector” & “Will demand in Africa continue to boost Regional PET Trade”.

It also includes a half day workshop which deals with Opportunities & Challenges in developing Inroad to the AFRICAN Markets.

This is a must attend annual event for those involved in the PET packaging industry in the Middle East & Africa.

For more information, please visit http://www.cmtevents.com/main.aspx?ev=140204&pu=253030

Continue reading "Euromonitor to Speak at 15th Middle East & Africa PET Resin Trade, Applications & Recycling 2014" »

February 4, 2014

Easing of Iranian Sanctions Provides a Much-Needed Boost to the French Car Industry

Justinas_LiuimaAnalyst Insight by Justinas Liuima - Industry Analyst

The French car industry is heavily reliant on Europe and so was particularly adversely impacted by the economic downturn in Europe. However, French producers are exploring new opportunities in the Iranian market after Iran pledged to freeze its nuclear programme.

New Opportunities in Iran

Following Iran’s pledge to freeze its nuclear programme, trade sanctions were temporarily lifted for six months in November 2013. The sanctions were eased for a list of selected goods, including car parts. However, the easing is only now beginning to take full effect.

Car production in Iran peaked at 1.4 million cars in 2011 (a large share of which was exported to the Middle East), the same year when trade sanctions were imposed. Total car sales in Iran now stand at more than 700,000 units annually, with the market’s potential remaining significant.

Following easing of the sanctions, car sales in Iran could grow by at least 50% to 2020 to reach 1.5 million units, said the CEO of Renault, Carlos Ghosn, at the World Economic Forum in Davos. This could be good news for French producers which once held a dominant share of the Iranian car market.

Continue reading "Easing of Iranian Sanctions Provides a Much-Needed Boost to the French Car Industry" »

January 26, 2014

Datagraphic: Top 100 City Destinations Ranking

Top 100 City Destinations Illustrated Ranking Travel Tourism

Download as pdf

Cities are an important driver for travel and tourism demand, with the top 100 cities together growing by 7% growth in international arrivals, compared to 4% in overall arrivals in 2012. A strong Chinese outbound travel market benefited Asian cities. London experienced growth of 2% in the year it held the Olympics Games. However, this performance was not enough to prevent Bangkok overtaking London to become the third most visited city in the world, thanks to the Chinese outbound boost.

Continue reading "Datagraphic: Top 100 City Destinations Ranking" »

January 23, 2014

Euromonitor to Speak at the U.S., Middle East & Africa Grain Forum

Grain Forum

Date:
 
28-29 January 2014

Location: Doha, Qatar

Speaker: Lamine Lahouasnia, Head of Packaged Food

Presentation Date and Time: 28 January 2014, 09:30

Presentation Title: How the Middle East and African Diet is Changing

Presentation Topics:  Why is global bread consumption on the decline? Is this the case in the Middle East and Africa? What else are consumers in the region eating? These are the types of questions that Head of Packaged Food, Lamine Lahouasnia, will be answering in this presentation 'How the Middle East and African Diet is Changing'. With its primary focus on how these trends will impact the grain supply chain, this presentation will also feature an outlook on the soya bean market.

Continue reading "Euromonitor to Speak at the U.S., Middle East & Africa Grain Forum" »

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Recent Posts

The Cheesecake Factory Takes its Success Worldwide

Euromonitor to Speak at WTM Vision Dubai

Expo 2020 to Boost Dubai Tourism

What is the True Size of Dubai?

Where are the Top 5 Best Tax Environments Globally?

Euromonitor Wins Business Intelligence Portal of the Year

Euromonitor to Speak at 15th Middle East & Africa PET Resin Trade, Applications & Recycling 2014

Easing of Iranian Sanctions Provides a Much-Needed Boost to the French Car Industry

Datagraphic: Top 100 City Destinations Ranking

Euromonitor to Speak at the U.S., Middle East & Africa Grain Forum