PNN – Dubai is facing a serious crisis in its tourism and hotel sectors following the US-Israeli war against Iran, which began on February 28.
According to the report of Pakistan News Network, the Wall Street Journal, citing the American financial analysis company Moody’s, reported that the occupancy rate of hotel rooms in Dubai in the second quarter of the year, which continues until July 1, will drop from about 80 percent before the war to about 10 percent.
Moody’s described the situation as “a virtual shutdown of a large part of the hotel industry.”
According to the report, Dubai is facing a serious crisis in its tourism and hotel sectors following the US-Israeli war against Iran that began on February 28.
A sharp decline in tourist arrivals, widespread hotel closures, and loss of job opportunities are among the consequences of this crisis for one of the world’s most important tourism hubs.