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Saudi Arabia Cancels Hotel Licensing Fees: Hotel Sector to Witness Growth

Hotelogix

Saudi Arabia's decision to eliminate hotel licensing fees demonstrates its commitment to boosting tourism and reducing operational costs for hospitality providers. Research indicates that the hotel industry in Riyadh and Jeddah is on the brink of substantial growth leading up to 2030.

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Introducing our latest payment processing solution – roomMaster Payments

InnQuest

The latest technological advancements are reshaping the travel and tourism industry globally at a rapid pace. Research suggests that the payment processing solutions market is projected to grow at a CAGR of 11.43% during the forecast period of 2023 to 2030 while the future market value of this market is expected to reach USD 130.94

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Prepare Yourself for the Top Hospitality Trends of 2023 

InnQuest

Experts anticipate several trends emerging over the coming year, including an increase in wellness tourism and greater focus on staff wellbeing. Wellness Tourism The global wellness tourism market is expected to be worth 1,592 billion USD by 2030.

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Golden goals

Boutique Hotel News

While not without controversy, Qatar’s hosting of the 2022 FIFA World Cup is a significant milestone on its journey to becoming a premier league tourism destination. This intense year of development represents a major milestone in Qatar’s goal to welcome six million visitors a year by 2030. IHM’s editorial team reports.

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Empowered leaders: Female forces in hospitality and real estate

Boutique Hotel News

She has big plans for sustainability across the company and Native aims to be Net Zero carbon as an operation by 2030. Since 2017, the Kingdom has been reforming its laws to support the country’s Vision 2030, and Krasnobrizhaya plays a significant role in achieving those goals.

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IHM’s topsy-turvy Z-A: What to expect in hospitality and real estate in 2023

Boutique Hotel News

Z is for zero carbon Probably the biggest issue facing the real estate sector – and by extension travel and tourism – is reaching net zero carbon, both in construction and operationally. This wasn’t lost on canny investors who have been acquiring property, including hotels, in the UK while the pound was low.