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April 2021 270 The region’s hospitality sector needs to prepare itself to cast aside the shackles of Covid-19 and embrace opportunities for sustained growth, driven by the success of government vaccination programmes, the emergence of new markets, and a reduction in key geopolitical tensions.    These opportunities will be among the key talking points at the Gulf and Indian Ocean Hotel Investors Summit 2021 (GIOHIS) in Ras Al Khaimah on November 15 and 16 .    The hotel investment community has had a torrid time during the pandemic, with some hotel owners “clinging on in order to ride out the storm”, according to Simon Allison, CEO of hotel owners alliance, HOFTEL, and organiser of GIOHIS. He believes, however, that the bottom of the market is close to being reached, and this will provide the stimulus for fresh investment from those looking to take advantage of a post-Covid tourism boom.

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