Wego predicts surge air traffic during Eid al Fitr

Eid al Fitr in the UAE this year is expected to witness a jump in outbound air traffic compared to last year's Eid, says Wego, the largest online travel marketplace in the MENA, in its top travel trends for Ramadan 2024 in the UAE.Wego has observed nearly a four-fold increase in flight searches from the UAE for travel during Eid 2024 compared to Eid 2023.Holiday season is just around the corner, and Wego has noted a spike in demand for flight and hotel reservations from the UAE in the lead up to the festive season.According to Wego data, international flight bookings from the UAE for travel in February have surpassed the numbers during the same period last year by 70.1%.The consecutive occurrence of Ramadan, Eid al Fitr, and spring break in 2024 is anticipated to encourage the same YoY leap in bookings for trips scheduled in the coming months.As we enter the holy month of Ramadan, Wego data showed that airfares to some destinations may get even more expensive this year.The average airfare to the Philippines, a favored destination for UAE travelers, is now AED 1,331.93, compared to AED 895.56 in 2023.Meanwhile, YoY average prices for flights to the UK and Germany have risen by 23.88% and 60.42% respectively.Wego anticipates that ticket prices for popular destinations will continue to climb, especially with more families potentially planning getaways during the holidays.Amidst a bustling month teeming with significant events like the Gulfood trade show, Dubai Duty Free tennis championships among others, Dubai has observed an uptick in hotel occupancy rates in February 2024, with bookings on Wego surpassing last year’s figures by 23.2%. Concurrently, the average Dubai hotel room rates have experienced a YoY surge of 20.3%.Dubai hotel occupancy and daily rates may still move in an upward trajectory through the next few months, as Wego’s data indicates that demands for staycations among UAE residents also typically grow during Ramadan weekends and Eid al Fitr holiday.Wego forecasts an even heightened interest later as more UAE travelers finalize their travel arrangements in the weeks or days leading up to the celebration.Based on Wego's data, India, Egypt, Saudi Arabia, and Jordan are the most sought-after destinations for travel between March to April 2024. The list of countries may hint at homecoming trips for UAE’s huge expat communities looking to capitalize on the lengthy holidays.

Dubai SME & Khalifa Fund for Enterprise Development participates in 28th Gulfood

Mohammed Bin Rashid Establishment for SME Development (Dubai SME), one of the agencies of Dubai’s Department of Economy and Tourism (DET), in cooperation with the Khalifa Fund for Enterprise Development, is participating in the 28th edition of Gulfood, taking place from 20 to 24 February at Dubai World Trade Centre.Dubai SME will showcase Dubai’s entrepreneurial ecosystem, with a focus on the F&B sector; highlight its projects and local emerging enterprises and their products; and help SMEs to connect and network with international vendors to help them gain access to new markets and opportunities. This will contribute to the growth of SMEs in the emirate, which represent 99% of private-sector companies operating in Dubai.His Excellency Abdul Baset Al Janahi, CEO of Dubai SME, said: “At Dubai SME, we are keen to provide our members with the most prominent opportunities to participate and promote their products and communicate with the business community and consumers to develop their businesses. The Gulfood 2023 exhibition is one of the most prominent platforms in which we regularly participate due to its importance in the F&B sector. Bringing rings together thousands of companies from all over the world under one roof, along with the most renowned global chefs and intellectual leaders in this sector, the forum is capable of bringing about change in the culture and orientation of small and medium-sized companies, providing them with more opportunities for growth and expansion.”Al Janahi added: “2023 is set to become an exceptional year, following the launch of the Dubai Economic Agenda D33 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which seeks to double the size of Dubai’s economy and position the emirate among the top three global cities in the world. This encourages us to further motivate small and medium-sized companies in the F&B sector to contribute and participate actively in this strategic journey to further enhance our city’s international standing, taking advantage of the opportunities, infrastructure and incentives provided by Dubai to reach their goals of achieving excellence, creativity and innovation in their diverse businesses and projects.”Her Excellency Alia Al Mazrouei. CEO, Khalifa Fund for Enterprise Development, said: “We are delighted to participate in Gulfood exhibition for the seventh year in a row with nine funded Emirati projects supported by the Khalifa Fund. We are excited to see the outstanding opportunities that are available for these projects at this event. By presenting their products to well-known suppliers from all over the world, small and medium-sized enterprises will be empowered and can have better access to new markets. With Gulfood 2023 allowing enterprises to explore unique business deals, we look forward to supporting the success of these projects through this exhibition.”Dubai SME is being represented at the event, the largest of its kind in the world, by 10 companies including Liwa Dates, Health Way General Trading, Health Choice General Trading, Ibubble Tea House for food & beverages trading L.L.C, Special foodz zone foodstuff trading, Prog Tech Solutions, Mayamen Trading, Albarni foodstuff trading, Twenty Eight Coffee Trading, Fab Trading One Person Company L.C.C Proprietorship LLC.The Khalifa Fund for Enterprise Development represents Khairat Al Yemen Honey & Natural Herbs, P&P Cups, Al Diyafa Hotel & Catering Supplies, Felix & Norton Cookies, SIMPIOZ (Confectionery Factory), Soil Store Foodstuff Trading, Iconic Solutions General Trading, Al Thiqa Foodstuff Trading, Emirates Dates Factory, F&B Innovation Lab.Mohammed Bin Rashid Establishment for SME Development (Dubai SME) is keen to maintain a competitive business environment for SMEs and to provide innovative support and financing solutions in line with the directives of the visionary leadership to support business continuity, especially SMEs in the F&B sector.