Hotel accomodations that comply with Islamic dietary and other religious laws are expected to grow in Muslim regions and elsewhere despite economic woes.
Shariah compliant hotels, one of the fastest growing hospitality segments is expected to boost the region's revenue source over the coming years and during global economic turbulence.
"Muslims, particularly GCC travellers represent a vital market segment. Not only are they one of the most lucrative, with over $12 billion spent on leisure travel alone, but they are also consciously-driven," commented CEO, MKG Hospitality, Vanguelis Panayotis.
An increase in intra-regional travel and their growing purchasing power has created a significant demand for a product that reflects the lifestyle, culture, history and expectations of the region. This segment will prove to be crucial to the regions' tourism industry over the coming years.
"Shariah hotels however are not just a niche market for Middle Easterners. They can and should cater for other segments, such as Muslims living in Europe, the US, North Africa and Asia, as well as non-Islamic markets.
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