Gulf tourism is in holiday mode. Hours before the official opening of the Arabian Travel Market yesterday morning, delegates from around the world were already queuing up to register at Dubai’s teeming convention centre. Business attire competed with national costumes from around the globe.
Within the exhibition halls, the region’s big three airlines of Dubai, Abu Dhabi and Doha flaunted their increasingly luxurious business and first class cabins with other exhibitors taking cheeky turns in the comfy leather recliners before trade visitors were allowed in to sneak a peek.
A seemingly unstoppable wave of hotel building, plane buying and route planning is moving the region’s tourism industry from the periphery of global travel to its core.
The signs of that tipping point have been numerous in recent weeks. The exponential growth of Emirates Airline has helped Dubai overtake Heathrow as the world's busiest airport by international travel.
Etihad Airways looks poised to enter a new phase of equity alliance building, bringing more global travellers to the capital. Doha too has a brand new US$17 billion airport to stake its own claim.
At the same time the established hubs and carriers of Europe and elsewhere are feeling increasingly squeezed. Lufthansa’s outgoing boss highlighted in March the competitive threat posed by the rise of Gulf carriers. The chief of Ethiopian Airlines put it in even blunter terms, warning the Gulfies could eat African carriers for their lunch. Even Heathrow Airport is feeling a bit put upon – highlighting the growth of Dubai as one of the most compelling reasons to garner support for a third runway.
All of that seems a long way from the party atmosphere of today's Arabian Travel Market.
It feels like the stars are in alignment over the region’s travel industry this year.
But sooner or later the lobbies threatened by that feeling of success will try to spoil the party.
scronin@thenational.ae
Follow us on Twitter @Ind_Insights
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
'Cheb%20Khaled'
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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)