Dubai’s non-oil private sector gets boost from robust travel and tourism

Arab News | April 09, 2019

Dubai’s non-oil private sector gets boost from robust travel and tourism
Dubai’s non-oil private sector continued its growth path last month, boosted by robust activity in travel and tourism, a latest reading of the emirate’s economy showed.Emirates NBD’s seasonally adjusted Dubai Economy Tracker Index rose to 57.6 in March, the highest reading since May last year, from 55.8 in February. A number above 50 suggests expansion while below 50 indicates contraction.Output in the travel and tourism sector was the strongest since the series began in March 2015, and was likely a key driver of the overall growth in activity in Dubai last month, Emirates NBD said.

Spotlight

Digital customers want authentic, personalized and ”frictionless” experiences throughout their travel journeys. A recent Accenture survey indicates 76 percent of the travel C-Suite believes “customer expectations are increasingly shaped by the most relevant, real-time and dynamic experiences.”1 But silos that exist across functions get in the way of meeting customer needs.

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Spotlight

Digital customers want authentic, personalized and ”frictionless” experiences throughout their travel journeys. A recent Accenture survey indicates 76 percent of the travel C-Suite believes “customer expectations are increasingly shaped by the most relevant, real-time and dynamic experiences.”1 But silos that exist across functions get in the way of meeting customer needs.