LONDON: Emirates is increasing services to the Maldives and Seychelles as travelers seek out space and luxury after a year of travel restrictions.
It comes as the region’s big carriers position themselves for an upswing in demand for travel as vaccine programs are rolled out and flying restrictions eased.
Such routes are expected to become more important amid a much slower anticipated return of premium travel, where Gulf airlines including Emirates and Qatar Airways have a strong market presence.
Both Emirates and regional hub rival Qatar Airways are seeing strong demand for Maldives getaways as the pair gradually resume flying to more destinations.
“Space is becoming the sought after commodity for many travelers and there has already been capacity added to destinations such as these by several airlines,” aviation consultant John Strickland told Arab News. “Such destinations can support a price premium too for similar reasons and when demand is broadly so weak any opportunity for airlines to tap into higher margin traffic will be welcome.”
Starting March 28, the Dubai carrier will increase services to both destinations ahead of the Easter break. It will increase its weekly Maldives service to 28 flights from the current 24. At the same time the Seychelles route will move to seven-times-a-week from the current five. The heavily tourism-reliant Seychelles has moved quickly to open up to inoculated passengers. It plans to start welcoming international visitors from March 25 by which time some 70 percent of the population is expected to have been vaccinated.
Air Seychelles also said it had introduced weekly direct flights from Dubai World Central Airport (DWC) to the Seychelles between March 27 and May 29 2021, starting from about $343.A recent report from the World Travel Tourism Council highlighted rising anticipated demand for remote destinations and beach vacations post-pandemic.
Aileen Clemente, CEO of Rajah Travel Corporation, predicted there would be “an emergence of new destinations in isolated locations as consumers veer away from ‘massification.’”
All travelers to the Maldives, excluding Maldives citizens, must present a negative COVID‑19 PCR test result, conducted within 96 hours prior to departure. Passengers must also complete an online Immigration and health self‑declaration form within 24 hours prior to arrival. Meanwhile travelers to the Seychelles will still be required to present a negative PCR test taken 72 hours prior to departure.
As Gulf travelers seek post-pandemic pampering, airlines add more Maldives and Seychelles flights
https://arab.news/ybhjw
As Gulf travelers seek post-pandemic pampering, airlines add more Maldives and Seychelles flights
- Air Seychelles and Emirates add routes
- Gulf carriers respond to emerging travel trends
Saudi Export-Import Bank signs reinsurance agreement with the German Export Credit Agency
RIYADH: The Saudi Export-Import Bank has signed a reinsurance agreement with Germany’s official Export Credit Agency, managed by Euler Hermes Aktiengesellschaft, with the aim of enhancing credit risk insurance coverage to meet the needs of local exporters of capital goods and production inputs from the Federal Republic of Germany.
This agreement is part of the bank’s efforts to strengthen partnerships with international export credit agencies, ensuring the safe and sustainable flow of essential raw materials and capital goods, and enhancing the efficiency of export activities by local enterprises, according to the Saudi Press Agency.
The agreement was signed by Saad bin Abdulaziz Al-Khalb, CEO of the Saudi Export-Import Bank, and Edna Schone, board member of Euler Hermes Aktiengesellschaft and head of its Export Credit Agency.
Al-Khalb stated that the reinsurance agreement with ECA represents an important step in expanding credit risk management tools and enabling local exporters to obtain the production inputs and capital goods necessary to grow their businesses with greater confidence.
He noted that cooperation with international export credit agencies reflects the bank’s commitment to developing advanced insurance solutions that contribute to the growth of the Kingdom’s foreign trade, as part of its pivotal role in strengthening the non-oil national economy.
Through this agreement, the Saudi Export-Import Bank continues to support the growth of Saudi non-oil exports and expand its network of international partnerships, in alignment with the goals of Vision 2030 to diversify the national economy and enhance the Kingdom’s position in global trade.
