Albin Capital has predicted to expand the Gulf hospitality sector by 6.6% annually between 2022 and 2026 to $34 billion

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Albin Capital has predicted to expand the Gulf hospitality sector by 6.6% annually between 2022 and 2026 to $34 billion, a sign that this growth will be driven in the medium term by governments that adopt a strategy to boost tourism and economic recovery across the globe the region, as well as increasing the number of tourists to countries The B E R

The report predicts the two largest hospitality markets in the region, Saudi Arabia and the UAE, to record annual growth of 8% for the Kingdom and 5.5% for the UAE until 2026. The hotel sector in Kuwait is likely to grow by 7.1%, Oman by 6.3% and Bahrain by 2022 and 2026.

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