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Sunday, 15 March 2009

UAE capable of counterng impacts of global economic crisis

The UAE has one of the world's most successful models in the tourism sector, and Sharjah has been always committed to making a significant contribution to the UAE's growth in the tourism sector, said Sheik Sultan bin Ahmed Al Qassimi, Chairman of the Sharjah Commerce and Tourism Development Authority (SCTDA).

"The UAE is capable of countering the impacts of the current global economic crisis", he stressed "The impact of the global economic crisis on Sharjah's tourism sector since the beginning of the year has been slight, as evidenced by the SCTDA's statistical report issued at the end of January, proving the resilience of the emirate's tourism sector", he added in statements on the sidelines of the SCTDA's participation in the International Tourism Bourse (ITB), being held in Berlin from 11 to 15 March 2009.

He stressed that the declining demand for Sharjah's hotels is normal, and we are doing our best to stimulate the hotel sector in order to achieve the expected growth this year, a growth that will be positively reflected in the tourism sector in the emirate.' "This year has seen a decline in the emirate's hotel rates as a result of the ongoing global economic crisis. The decline is normal, as there has been an urgent need to correct the unreasonable 50 to 200% increase in hotel rates seen in the last three years in order to deal with the crisis in a more pragmatic way," he added.