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Middle East outbound travel market worth US$20 billion by 2030
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sat November 12, 2011 12:30 pm

UAE. With a rising population and increasing disposable incomes especially in the GCC countries, destinations in Europe as well as Asia are now homing in on its multi billion outbound travel market, which could top $20 billion within the next 20 years, according to the World Tourism Organisation (WTO).

Consistent with that point of view, Arabian Travel Market 2012, which takes place at the Dubai International Convention and Exhibition Centre from 30 April - 3 May, has witnessed a surge in enquiries which has culminated in almost 59% of exhibition space.

“The region is not only one of the fastest growing inbound markets, but for some, more crucially, it is one of the fastest growing outbound markets. We have recieved bookings from all five continents of the world reconfirming the importance of this regions outbound tourism potential” said Mark Walsh, Group Exhibition Director, Reed Travel Exhibitions, organiser of Arabian Travel Market 2011.

The WTO reckons that an additional two million Arabs will travel abroad within the next twenty years, taking its total of outbound tourists to 37 million, spending an estimated $20 billion and accounting for 2.2% of global outbound travel, a rise of 0.7%.

“Those numbers may seem modest, but it is a case of quality not quantity with travelers from this region. According to the WTO, the average tourist from the UAE spends US$22,000 a year on flights and accommodation alone, totaling $6.6 billion annually spent on outbound travel. Saudi Arabia’s market is worth an estimated $4.8 billion,” added Walsh.

Held under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, Arabian Travel Market 2012 will return to a complete business format, forsaking the consumer element of previous years.

We have found that many independent leisure travelers now prefer to carry out their own internet research at home. Therefore the show is now dedicated to travel industry professionals,” said Walsh.

The 2011 edition of the leading travel exhibition in the Middle East, accommodated 2,236 exhibitors covering over 20,000 square metres and attracted more than 22,000 visitors.

Visitor registration is now online, to register please log on to www.arabiantravelmarket.com/register

For more information on Arabian Travel Market 2012, please log on to www.arabiantravelmarket.com

About Arabian Travel Market:
Arabian Travel Market is part of the Reed Travel Exhibitions’ portfolio, which includes 15 of the world’s leading travel industry events. For more information visit
www.arabiantravelmarket.com

Reed Travel Exhibitions

Reed Travel Exhibitions (RTE) is the world’s leading provider of exhibitions in the travel and tourism industry. Its wide-ranging portfolio of events around the globe covers leisure travel, luxury travel and the meetings and incentives industry.

The 12 events are; World Travel Market (WTM), Arabian Travel Market (ATM), International French Travel Market (IFTM), La Cumbre, International Golf Travel Market (IGTM), International Luxury Travel Market (ILTM), International Luxury Travel Market Asia (ILTMA), Asia-Pacific Incentives & Meetings Expo (AIME) (owned by Melbourne Convention Visitors Bureau), Exhibition for the Incentive Business Travel Market (EIBTM), Gulf Incentive Business Travel Market (GIBTM), Americas Incentive Business Travel Market (AIBTM) and China Incentive Business Travel Market (CIBTM).

RTE is a business unit of Reed Exhibitions. In 2010, Reed Exhibitions held more than 460 events in 36 countries bringing together more than seven million people from around the world generating billions of dollars in business.

Reed Exhibitions is owned by Reed Elsevier, the world’s leading provider of professional information and online workflow solutions.

Reed Exhibitions
The world's leading organiser of trade and consumer events running over 470 events in 37 countries. Reed Exhibitions excels in creating high profile, highly targeted business and consumer exhibitions and events to establish and maintain business relations, and generate new business.

Reed Exhibitions network of offices and promoters extends to 65 countries. www.reedexpo.com

Reed Elsevier
Reed Elsevier is a world leading provider of professional information and online workflow solutions in the Science, Medical, Legal, Risk Information and Analytics, and Business sectors.
 
Based in over 200 locations worldwide, they create authoritative content delivered through market leading brands, enabling their customers to find the essential data, analysis and commentary to support their decisions.

For more information, please visit www.reed-elsevier.com

 

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