Tourist spending in the UAE up 5 per cent in Q1
02 June, 2015
Tourist spending in the UAE was up 5 per cent in the first quarter of this year compared to the same period in 2014, according to a new report from Network International, a payment solutions provider. The report, which is based on credit or debit card transactions by country, suggested that Americans accounted for the largest portion of total spending in the first quarter at 21 per cent. They were followed by tourists from Saudi Arabia (12 per cent), the UK (9 per cent), China (4 per cent) and Kuwait (3.4 per cent). Spending by tourists from the US grew by 9 per cent, Saudi Arabia by 25 per cent and Canada by 53 per cent since the previous year. However, spending by visitors from Russia fell 52 per cent due to the weak rouble and China by 7 per cent in the first quarter.