S&P warns coronavirus travel restrictions could hurt Dubai's hospitality industry
By Reuters
DUBAI - Dubai’s hospitality industry is most at risk in the Gulf Arab states region from being negatively impacted by travel restrictions associated with the new coronavirus outbreak, ratings agency S&P Global said in a research note.
People take photos with camels on the beach at Jumeirah Beach Residence in Dubai, United Arab Emirates, July 17, 2019. (REUTERS/ Hamad I Mohammed/File Photo/MANILA BULLETIN)
S&P said the travel restrictions could weigh on Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Oman and Kuwait.
It said the UAE’s Dubai, which saw almost 1 million Chinese visitors last year, could see the biggest impact.
People take photos with camels on the beach at Jumeirah Beach Residence in Dubai, United Arab Emirates, July 17, 2019. (REUTERS/ Hamad I Mohammed/File Photo/MANILA BULLETIN)
S&P said the travel restrictions could weigh on Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, Oman and Kuwait.
It said the UAE’s Dubai, which saw almost 1 million Chinese visitors last year, could see the biggest impact.