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The GCC hospitality industry will return to pre-pandemic levels in 2022, registering a 74.8% year-on-year growth and reaching a revenue of $26.3 billion, said investment banking advisory services provider Alpen Capital in a new report.
GCC hospitality sector’s revenue will return to pre-pandemic levels in 2022 as the industry is witnessing an increase in tourist arrivals after the easing of the global travel restrictions. Mega events like Expo 2020 Dubai, the upcoming FIFA World Cup 2022 and easing of visa regulations are also contributing to industry’s