08.11.2011 - Sweeping economic impact of the Haj
The positive spillover effects of expenditures relating to the annual Haj and Umrah are exceptional. The Haj reaches its climax this week with several million pilgrims converging on Makkah. The Umrah or lesser Haj can take place anytime but is popular in the fasting month of Ramadan. A recent report by Ernst & Young tracing hotel occupancy in the Middle East confirmed that revenue levels for hotels in Makkah and Madinah were up by 55 per cent and 52 per cent in August, respectively...............................................Full Article: Source
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