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Charting the Course for the Business Travel Industry in 2024

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Ali Haider, Director Nomadic

The UAE’s triumphant narrative in the post-pandemic era reflects a strategic fusion of business and leisure, shaping the landscape for travel in 2024. Underpinning this trend are international companies, investors, and entrepreneurs, each playing a pivotal role in building the thriving landscape of the UAE. Beyond its geographical appeal and its central location, what distinguishes the UAE is its unwavering commitment to cultivating a diverse and inviting business environment, as evidenced by being ranked 16th globally in ease of doing business by the World Bank in 2020.

Key to this success is the visionary Golden Visa program, a key driver attracting top-tier talent seeking more than just transient opportunities. The Golden Visa initiative has proven transformative, surpassing expectations with over 151,600 enrollments between 2019 and 2022, according to the General Directorate of Residency and Foreigners Affairs (GDRFA) in the UAE. It stands as a symbol of the country’s commitment to fostering a global talent pool that can thrive in a business-friendly environment.

Anticipating the Dynamics of Global Meetings

The country’s position as a leading business hub has resulted in an increasing trend of extended stays. Beyond boardrooms and business negotiations, visitors find themselves drawn to the cultural richness and recreational activities that the country offers. According to the UAE Ministry of Economy, the contribution of the travel and tourism sector to the UAE’s GDP was nearly AED 167 billion which is equivalent to 9% of total GDP, indicating a growing trend where business travel can transform into holistic experiences embracing the country’s diverse attractions.

As the UAE prepares to host COP28, a significant international event focused on climate change, there’s a notable synergy between this environmental platform and the world of business travel. The event, set to shine a global spotlight on the UAE’s commitment to sustainability, also presents a strategic opportunity for businesses to engage in meaningful face-to-face interactions. This makes it evident that true “sustainability” is not about restricting powerful face-to-face connections that foster partnerships, collaboration, and help forge connections beyond the confines of virtual meetings, but rather finding harmony between business imperatives and ecological impact. Because real sustainability is not just about less travel – it is about smarter, more conscious travel.

Evolving Immigration Landscape: Navigating the Path Ahead

In the face of an increasingly globalized economy and heightened global competition for top talent, the UAE’s proactive and ongoing adjustments to its immigration landscape usher in new visa categories and foster inclusivity that benefits both travellers and businesses. Other broader initiatives, such as the Dubai Economic Agenda D33, anchor these changes and help set the scene for Dubai to cement itself among the world’s top three cities and ultimately pave the way for the country to have an exceptionally open and inviting business landscape.

The attractiveness of the immigration landscape to diverse international talent will also fuel growth by allowing businesses access to a world-class talent pool that houses fresh perspectives, skillsets, and innovative ideas.

Adaptability of the UAE’s business environment

As the UAE continues to redefine itself on the global stage, the convergence of business, leisure, and global talent paints a compelling picture of a nation that has seamlessly adapted to the challenges of a post-pandemic world. The UAE stands testament to the power of innovation and strategic vision and offers a blueprint for other nations seeking to forge their own path of prosperity and inclusivity.

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Hospitality

Menzies Aviation net zero targets approved by SBTi

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aviation

Menzies Aviation is pleased to announce that the Science Based Targets initiative (SBTi) has approved its science-based targets to reach net-zero greenhouse gas emissions across the value chain by 2045. This includes a 50% near-term reduction in scope 1 and 2 GHG emissions by 2030 from its 2022 baseline, and in scope 3 GHG emissions of between 30% and 42% within the same timeframe.

This milestone underscores Menzies’ commitment to strong sustainability leadership, and environmental stewardship, taking a proactive approach to combating climate change. By setting and pursuing ambitious, science-based targets, it is not only reducing its own footprint but setting a benchmark for the aviation services industry.

To reach its ambitious targets, Menzies’ industry-leading All In plan for a fair and sustainable future includes ambitious goals across four key pillars: the Environment, People, Safety and Ethics. Recognizing the urgency to act on climate change and limit global warming to 1.5°C, the plan is designed to drive positive change and progress its material ESG priorities.

Among its notable achievements since the launch of its All In plan in 2021, the company has invested significantly in the transition to electric and lower emission Ground Support Equipment (GSE) where airport infrastructure allows. In its 2023 Annual Review & Sustainability Report, it announced 17% of all GSE equipment was now electric across the business, increasing to 48% in Europe, demonstrating good progress ahead of its goal of 25% by 2025. 

Its investment in solar panels, smart building technologies and circular cargo packaging solutions is further aiding emissions reductions. Separately, its partnerships with the Climate Impact Partner’s Million Mangroves project, continues to demonstrate its commitment to tackling climate change through the removal of carbon from the atmosphere and the restoration of ecosystems.

John Geddes, Chief Governance & Sustainability Officer & Company Secretary, said: “We are thrilled to announce that our 2045 net zero targets have been approved by the SBTi, making us the first major aviation services provider to achieve this important validation. Decarbonisation is an imperative for a sustainable aviation future – one we are committed to achieving with our net-zero targets, but there are many other facets to our All In plan that will deliver value for our business and stakeholders and support our growth in a sustainable way well into the future.”

Katy Reid, Head of Sustainability and Corporate Responsibility, added: “With our net-zero targets approved by SBTi, now the real work begins. Our commitment to progress against our goals and targets has never been more important. By taking bold steps to reduce the impact our business has on climate change and the natural environment, while mitigating the risks our business faces because of climate change, we believe we will play our part in delivering a sustainable, net zero future for Menzies, and for aviation.”

The Science Based Targets initiative (SBTi) is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. It defines and promotes best practice in science-based target setting and independently assesses companies’ targets.

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Hospitality

THE OBEROI GROUP LAUNCHES THE OBEROI RESIDENTIAL SUITES AT THE OBEROI, MUMBAI

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oberoi mumbai

Situated at prestigious Nariman Point on Marine Drive with breath-taking views of the Arabian Ocean and the shimmering lights of Queen’s Necklace, The Oberoi, Mumbai has long been regarded as one of the city’s finest luxury hotels.

Following the recent introduction of 20 Oberoi Residential Suites, guests now have the opportunity to experience unparalleled residential living for extended stays like never before. The Oberoi Residential Suites have a distinctive residential ambiance with contemporary aesthetics. The interiors exude sophistication and tranquillity. A calming palette of smooth greys, rich browns, and deep teal is accentuated by vibrant modern art and artefacts.

Designed by the award-winning design firm, Architecture Discipline, The Oberoi Residential Suites come in two variants: Bay View Residential Suites spanning 115 square metres and Luxury Residential Suites covering 87 square metres. Both suite categories include a master bedroom with a large walk-in wardrobe, an ensuite bathroom, and a dressing area. Luxury Residential Suites feature a private study area, while the Bay View Residential Suites offer a separate study room. Each suite boasts expansive living and dining areas with breath-taking views through picture frame windows. Additionally, every suite is equipped with a well-appointed and fully functioning kitchen.

Mr. Vikram Oberoi, CEO of The Oberoi Group, emphasised, “The Oberoi Residential Suites herald a new era of modern urban living in one of Asia’s most vibrant cities. The suites are a perfect blend of refined aesthetics and convenience, embellished with unparalleled hospitality for which Oberoi is renowned.

Mr. Amit Kaul, Vice President and General Manager of The Oberoi, Mumbai, further elaborated, “We are delighted to introduce The Oberoi Residential Suites, boasting modernity, exceptional amenities, and the city’s most prestigious address. We promise guests unparalleled service with genuine care and attention to the smallest of details, encapsulating the true essence of Oberoi hospitality.

Residents of The Oberoi Residential Suites also enjoy exclusive access to facilities and services at The Oberoi, Mumbai further enhancing their luxurious living experience.

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Hospitality

RAK Leisure Partners with RIKAS Hospitality Group to Launch New Culinary Experience in Ras Al Khaimah

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RAK hospitality

RAK Leisure announces its strategic partnership with Dubai-based RIKAS Hospitality Group, known for its award-winning dining establishments, marking a significant milestone in enhancing the culinary landscape at Jebel Jais in Ras Al Khaimah.

The successful partnership was officially announced at a signing ceremony at the RIKAS offices in Dubai, attended by Steven Bishop, General Manager of RAK Leisure, and Rizwan Kassim, Founder & Managing Partner at RIKAS Hospitality Group, along with other key stakeholders.

Through this collaboration, RAK Leisure aims to introduce the first grill and fire-infused dining concept in Jebel Jais, set to open in Q1 2025. RIKAS Hospitality Group, the creative force behind popular venues including Twiggy, La Cantine du Faubourg, Lana Lusa, Mimi Kakushi and Ninive will bring its culinary innovation and authentic hospitality concepts to this venture, creating a one-of-a-kind experience atop Jebel Jais.

Steven Bishop, General Manager of RAK Leisure, commented on the partnership: “We are delighted to partner with RIKAS Hospitality Group to elevate dining experiences on Jebel Jais. This venture embodies our commitment to exceptional food and unforgettable moments. As Ras Al Khaimah continues to grow as a top tourist destination, this unique dining concept will help us diversify and enhance the culinary offerings within the Emirate.”

The unique dining concept at Jebel Jais seamlessly blends Ras al Khaimah’s geology and flora, enriching visitors’ experiences by fostering a deeper connection to the area’s beauty and flavour through an exceptional dining setup. Set against the stunning backdrop of the Hajar mountains, this new venue will cater to locals and tourists alike with an exclusive menu featuring mouthwatering dishes with a fire twist, crafted from locally sourced ingredients.

Rizwan Kassim, Founder & Managing Partner at RIKAS Hospitality Group said: “We are thrilled to expand our culinary footprint beyond the Emirate of Dubai and venture into the mountainous region in Ras Al Khaimah. Partnering with RAK Leisure on this innovative project is an exciting opportunity to bring our signature dining experiences to a new audience and to new heights. We are particularly excited about seamlessly integrating this concept into the natural diverse flora and fauna that can be found in and around the Jebel Jais area.

RAK Leisure’s current portfolio includes several food and beverage outlets under the brand “Puro” that enhance Ras Al Khaimah’s appeal as a must-visit destination. These include the UAE’s highest restaurant, 1484 by Puro, Puro Express, The View by 1484, and SYR.UP by Puro. With the new partnership  RAK Leisure remains committed to expanding its offerings by introducing innovative culinary concepts to delight its visitors.

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