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Daily Business Wrap - Dubai Parks and Resorts rollercoaster results keep climbing
Gulf News
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2/12/2025
Dubai Parks and Resorts reported a record 2018, growing by over 22 per cent compared to 2017.Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos
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00:00
A strong fourth quarter helped push Dubai Parks and Resorts overall visitation numbers
00:06
for 2018 to 2.8 million, a 22% increase on the 2017 visitation numbers.
00:14
The owners of the amusement park said the successful annual tourist visas being offered
00:19
for the park and the annual pass had helped push the numbers up, in addition to the success
00:25
of the La Pita Hotel, which is the on-site hotel at the amusement park.
00:29
Also in addition to these moves, increased partnerships with Emirates Airlines and the
00:34
Chinese payment system, UnionPay, had helped increase 2018's numbers in yet another successful
00:41
year for the amusement park.
00:42
Elsewhere, Chinese exports saw their steepest fall in two years last December, with exports
00:48
reaching 4.4% and imports declining by 7.6%, in the latest sign that the world's second
00:55
largest economy is losing momentum.
00:59
The news sent stocks across Asia tumbling on Monday and has analysts worried that increased
01:04
concerns around the trade war, which is yet to be resolved between the US and China, could
01:10
yet have greater impact on the country's economy.
01:13
And finally, Asian airline Cathay Pacific was faced with another blunder on Sunday as
01:18
it offered travellers discounted rates for first class tickets.
01:23
The airline said that it had offered a Singapore to Portugal route for $1,500 on first class,
01:31
which is quite significantly less than the $16,000 it usually charges for that route.
01:38
The airline said it would honour customers' tickets and wouldn't be asking them for a
01:42
refund.
01:43
It follows the news that Cathay Pacific last month had a large data breach and is the second
01:49
consecutive time that the airline has accidentally priced first class tickets at a much lower rate.
01:56
That's all for today. I'm Ed Clouds. Thank you very much for watching.
01:59
You can always find the latest news at gulfnews.com. See you tomorrow.
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