Dubai tourists face challenge with currency exchange rates

Published on : Wednesday, February 8, 2017

DubaiLast year, tourist numbers to Dubai from countries with weak currencies dropped considerably as per data from the Department of Tourism and Commerce Marketing (Dubai Tourism). Helal Saeed Almarri, the director general of Dubai Tourism said that the authority is making efforts to make tourism in the Emirates easier.

 

The uncertainty has spread even more after President Trump’s policies over travel ban on certain Muslim countries. Mr Almarri said Dubai Tourism was working to attract more visitors from frontier markets and the government was working on streamlining visa requirements and easing barriers to entry for tourists all over the world.

 
Visitors from Nigeria, Australia and Egypt experienced the biggest declines last year. Nigeria’s and Australia’s economies are highly dependent on natural resources and have been affected by the collapse in oil and commodities over the past few years. The Egyptian pound slipped by 56.8% against the US dollar in 2016, while the Nigerian naira fell by 36.7% versus the greenback. The Australian dollar, however, only fell by a marginal 1.1% against the dollar last year.

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