By 2025 Middle East Outbound Market is expected to flourish at $165 bn

Published on : Wednesday, March 15, 2017

globeBy the year 2025, total costs on outbound travel from the Middle East are likely to reach $165.3 billion as predicted by the World Travel and Tourism Council.

 
In another report presented by the United Nations World Tourism Organization (2015 Tourism Highlights), along with research teams from Frost & Sullivan and Insights Middle East, considering the upbeat outbound travel market highlighted that in 2015 there was 9 percent growth in outbound travelers from the region, while in 2014 the total estimated value of outbound travelers from the GCC in 2014 was $64 billion.

 
International luxury travelers were a common denominator for both of the above reports, which mention the launch of International Luxury Travel Market (ILTM) Arabia, in association with Arabian Travel Market (ATM). On April 24th and 25th, the new vertical luxury events will take place on the first two days of the four-day ATM (April 24-25) situated in Hall no. 1 of the Dubai World Trade Centre.

 
To quote Alison Gilmore, Portfolio Director for ILTM, ‘’ The Arabian outbound market is established and affluent, with a growing generation of individuals looking to spend their leisure time in the world’s finest places. This year we are inviting some of our closest partners to experience the new ILTM Arabia and explore the increasing business opportunities from the region’s highest net worth travelers.’’

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