Category Archives: Market

The year 2024 was a milestone for the UAE’s hospitality sector, solidifying its status as a global powerhouse in tourism and hospitality. From the vibrant energy of Quick Service Restaurants (QSRs) to the sophistication of fine dining, and from opulent luxury hotels to charming mid-scale accommodations, the industry experienced a remarkable resurgence. Here’s a closer […]

The United Kingdom recently announced its Autumn Budget for 2024. The government sought to use taxes and higher borrowing to finance increased public spending. Here are three of the main takeaways from this year’s budget that operators in the hospitality industry should be aware of:

Despite entering a period of recovery post-pandemic, the restaurant and hospitality
industry is growing as it adapts to evolving consumer trends and a looming potential
recession. At the forefront of this growth is QSR and fast casual franchises.

Food and beverage establishments are the cornerstone of social interactions across the globe. Celebrations, business dealings, and even grieving happens over a meal or a beer. Collectively, people rely on the food and beverage industry as a way of life, but also to make a living.

Hospitality is a rapidly evolving market with changes defining the success of a business in
an unpredictable industry. In recent years, all industry sectors have been capitalized by a
push for sustainability and a growing need for eco-friendly operations.

MICE tourism, which stands for Meetings, Incentives, Conferences, and Exhibitions, is a growing segment of the tourism industry in the Middle East, specifically affecting hotels and adjacent hospitality sectors.

The Middle East’s dining scene is undergoing a vibrant transformation. Diners are seeking more
than just a delicious meal; they crave an immersive and interactive experience that blends culinary
delights with captivating environments and engaging activities.

As the Middle East dining climate evolves, new trends are rapidly emerging, from new
cuisines to immersive entertainment. One facet of the hospitality sector in the Middle East is sustainability and plant-based eating.

Early 2024 saw a significant shift in the Middle Eastern hospitality industry, with a surge in the focus on coffee. Changing consumer tastes, and a turn towards Western culture due to an influx
of tourists, have caused coffee shops to pop up all over the region. While partially concentrated in areas with a high presence of trade offices and employment centers, the caffeinated bean shows no signs of slowing down.

A strategic look into Saudi covers vs. UAE and where their fine-dining future stands. Driven by a rich culinary heritage and shifting consumer lifestyle and preferences, the Middle East Restaurant Market has witnessed a significant boost post-pandemic.