Bulgaria Boasts Growth in Commercial and Residential Real Estate
A recent market review has shown commercial segments of Bulgaria's real estate market are enjoying a significant growth, with retail remaining one of the most dynamic sectors. NSI (national Statistics International) shows that total business space now amounts to 606,500 m2, up 10% since the beginning of the year, with rent prices continuing their upward [...]
Flight bookings to Marrakech leap 295 per cent year-on-year
Reports show Morocco is the fastest growing destination for holidaymakers buying flights through lastminute.com During summer 2006 flight bookings to Marrakech leapt 295 per cent year-on-year, spurred on by the increasing number of flights operating between the UK and Morocco. Airline carriers have been engaged in an aggressive fare war because of the record number [...]
Morocco welcomed 2.26 million visitors so far this year
It is estimated that 2.26 million tourists travelled to Morocco in the early months of this year, which The Department of Tourism noted as an increase of 7% from the same period last year. Marrakech saw the main increase in tourist activity, with numbers up 12 % followed closely by Casablanca and then Agadir. The [...]
Moroccan government signs deal to establish tourism investment funds
The Moroccan government has signed three Memoranda of Understanding (MoU) with local financial groups. The MoU will create three tourism investment funds, with over USD 1.22 billion (£65 million) in total Moroccan Prime Minister, Driss Jettou, who chaired the signing ceremony, commented”The endorsement of these memoranda will make it possible to accompany Morocco's development strategy [...]
Boom in Istanbul hotel occupancy
During the first six months of this year, Istanbul hotels have seen an impressive boom in their revenue per available room. Due to a range of conferences, sporting events and trade shows happening in the city, Istanbul’s economy has befitted greatly from the added influx of visitors. Turkey also has been trying to strengthen its [...]