Middle East Economy highly influenced by aviation and tourism!

Published on : Tuesday, April 4, 2017

highly influenced by aviation and tourism!As per the 6th Arab Aviation Summit’s white paper report released today, the tourism and aviation industry of the Middle East has become a major driving force for the economy of the region. It is expected to generate 5 percent growth and connect with more than 258 million passengers by 2035. In the next two decades, the potential market has the possibility to reach 414 million passengers. Accessible geographical location, world-class upgrades to the airports and the predicted growth will keep on enhancing the regional economy of the region which in return will increase job opportunities in various sectors.

In 2016, more than 3.8 billion travelers took to skies and this is predicted to reach 4 billion in 2017 as per the data presented by the International Air Transport Association, IATA. This figure has the potential to reach 7.2 billion by 2035 as predicted by the association.

The report put forward by the industry leaders says that Middle East region is a single market of 350 million potential travelers. It states that a protectionist approach to the industry will only stop the growth and additionally deter the sector’s ability to capture and service the under-served segments.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 WTM London 2018
  • 03 imexamerica 2018
  • 03 ITB Asia 2018
  • 09 ttfotm 2018
  • 10 Astana leisure 2018
  • 11 lodgingconference 18
  • 11 ttgincontri 2018
  • 12 plannersxtraordinaire 2018
  • 13 aite 2018
  • 13 bitf 2018
  • 13 TTWarsaw 2018
  • 14 Global Wellness Summit 2018
  • 14 SATTE 2019
  • 14 traveltechme 2018
  • 18 hospitalityqatar 18
  • 18 Hotel Management Asia Summit 2018
  • 20 CITE_TTW 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com