Crisis: No one is exempt

9 min reading time

Published on 03/02/09 - Updated on 17/03/22

Everyday the bad news from the world finance keep rolling in. Although information and projections are still relatively obscure, there is no question that the crisis is also affecting the Middle East’s tourism and hotel industry, despite the region’s oil-driven wealth. MKG Hospitality’s Michael Komodromou investigates this issue and how to minimise its impact.

However much the tourism sector has held up in 2008, and indeed it has resisted the downturn far better than other industries, such as construction, real estate and car manufacturing, forecasts suggest that the situation will deteriorate over the next 6-9 months. “These are very challenging times...

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