Peace deal unlikely to revive tourism

Hotels and airlines remain cautious about the potential end of the Middle East conflict as the positive impact could be delayed due to a steep slowdown in purchasing power, particularly among the region's key demographics. The ongoing economic downturn has led to a substantial decrease in disposable income, making it challenging for travelers to afford trips, even with the prospect of increased stability. As a result, industry stakeholders are not expecting a significant uptick in tourism in the near future, despite the potential benefits of a peace deal. Instead, they are focusing on short-term strategies to mitigate losses and adapt to the current market conditions.