US-Iran war impacts Gulf tourism: Dubai airport traffic down 31%, hotel occupancy 56%

INTELLIGENCE SUMMARY

Dubai and other Gulf states are seeing a sharp drop in tourism, flights, hotel occupancy, real estate sales and major events due to the US-Iran war. Dubai airport passenger traffic fell 31% in the first half of the year. Hotel occupancy dropped to 56%, while luxury property sales fell 59%. Major events have also been affected. Bahrain's F1 race and Saudi Arabia's Esports World Cup were moved or canceled – WSJ For decades the Gulf states were seen as safe places in the region. The US-Iran war