Latest news and articles about hospitality sector from NEX English
Dubai has announced a new campaign titled 'A Wonderful Way to Dine', offering discounts of up to 50% at a selection of top restaurants. The initiative aims to boost domestic tourism and stimulate the hospitality sector in the city.
The owner of a local cafe has revealed that his profits do not even cover the costs of tea and coffee. This situation highlights the economic challenges faced by small business owners in the country.
The Indonesian Ministry of Migrant Worker Protection has announced the dispatch of 1,000 Indonesian hospitality workers to Bulgaria, aiming to enhance job opportunities for migrants. This initiative is part of the Indonesian government's efforts to expand foreign employment and improve economic conditions for workers.
French hotel management company Accor has announced a memorandum of understanding to sell its stake in Esindi to a group that includes Blackstone for up to <strong>€975 million</strong> (approximately <strong>$1.1 billion</strong>). This deal is part of Accor's strategy to strengthen its market position.
This month, Abu Dhabi and Dubai are witnessing the opening of several new restaurants that offer unique dining experiences. These establishments aim to enhance the culinary scene in the UAE and meet the needs of residents and visitors.
The hospitality sector of Vietnam's Vingroup Group aims to secure a private loan of up to <strong>$300 million</strong> to refinance its debts. This move is part of a series of borrowings undertaken by the giant conglomerate amid current economic challenges.
As the 2026 World Cup approaches, the hospitality sector is experiencing anxiety due to declining hotel bookings. FIFA's decision to reduce its hotel reservations raises questions about the event's readiness.