– Dubai – 21/25 February 2021 – https://www.gulfhost.ae/ GulfHost is the new home of hospitality for the Middle East, Africa and Asia. This is where suppliers of a wide range of kitchen solutions and dining apparel can connect with the biggest name hospitality buyers in one of the fastest growing markets in the world. This year GulfHost will unlock major new business zones to meet demand from regional buyers.
> As affluent consumers increasingly view coffee as an artisan, specialist and quality experience, the Middle East coffee industry is expected to reach a value of $4.4 billion by 2021 > As Millennials drive out of home coffee growth, coffee shop sales are expected to hike 8.9% in the UAE by 2021
Gelato & Bakery
> The artisan, premium batch and low fat appeal of Italian gelato has driven annual global growth of 4% between 2015 and 2018 > The UAE gelato and Ice-cream sector is forecast to grow at a CAGR of 4.7% from 2016-21 > In Saudi Arabia the gelato and Ice-cream sector is forecast to grow at a CAGR of more than 7% from 2016-21 >The rapid growth of the Foodservice industry is expected to fuel demand for ready-to-eat snacks, especially bakery products
> According to real estate market advisory firm Colliers International, Saudi Arabia is expected to be a hotel and tourism hot spot in the GCC with many potential new opportunities opening up within the sector and across the value chain. Spurred by the country’s latest diversification plans, new visa programs and many large scale projects, the Kingdom’s Five Year Forecasted Annual Growth (CAGR) currently sits at a significant 13.5% ahead of Oman at 11.8% and the UAE at 10.1%. Key HORECA trends for the GCC region include staff being empowered to multitask with the use of new technology; location based services enabling a new level of interaction with guests and behavioral data analysis driving bespoke and effective loyalty programs