- GCC to welcome 9.8 million Indian visitors by 2024 with CAGR growth of 10%
- UAE to experience highest proportionate increase in arrivals from India
The number of Indian tourists travelling to the GCC is expected to increase 81% from 5.4 million in 2018 to 9.8 million in 2024, growing at a Compound Annual Growth Rate (CAGR) of 10%, according to the latest data published ahead of Arabian Travel Market (ATM) 2020.
As destinations throughout the Middle East prepare to showcase their latest offering at ATM 2020, which is being held at Dubai World Trade Centre from Sunday 19 – Wednesday 22 April 2020, Colliers International predicts more than 20% of India’s total outbound market will travel to the GCC by 2024 – with business, place of work and leisure underpinning this demand.
Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “This influx of Indian visitors to the GCC shows no sign of abating, with every reason to believe India will maintain its position as a top source market as the region prepares to welcome an estimated increase of 81% by 2024, providing a significant boost to the region’s tourism industry as we look ahead.
“This projected growth is being supported by a number of key stakeholders in the region, from immigration initiatives and megaevents, to hotels, F&B venues, resorts, theme parks and malls – all of which appeal to Indian travellers.
“ATM is witnessing this growth firsthand, in 2019, 10% of the total buyers at the show were from India. In terms of potential, we are only scratching the surface as the Indian middle class represents just 3% or 40 million of the total Indian population and average real wages set to quadruple between 2013 and 2030.”
In 2018, the UAE welcomed 2.89 million Indian tourists with this figure expected to reach 5.29 million by 2024, increasing at a CAGR of 11%, according to ATM’s official research partner, Colliers International.
Adding to this, India retained its top spot on Dubai’s list of source markets for inbound tourism, with almost 1 million Indian tourists arriving in the emirate during the first half of 2019.
Despite the UAE leading comparative growth, Saudi Arabia, Oman, Bahrain and Kuwait are all expected to witness an increase of 10% respectively between 2018 and 2024.
“Driving this growth is a new generation of leisure attractions in the GCC, relaxed visa regulations for Indian nationals, additional airline routes, increasing business opportunities, a renewed focus on Indian weddings and the MICE segment as well as the increasing popularity of adventure and eco-tourism in countries including the UAE and Oman,” said Curtis.
Last year, Indian tourists accounted for approximately 26.1 million of total outbound trips made, with reports from the UNWTO estimating this figure will increase by 92% to reach more than 50 million by 2022.
Indian tourists are among the world’s highest spenders while travelling abroad, with outbound travel and tourism expenditure to increase from US$21.4 billion in 2018 to US$39.3 billion by 2024.
On average, Indian travellers spent approximately US$1,100 per trip made to the GCC in 2018, according to the latest data from Euromonitor International, with business and experience-seeking tourists likely to spend at least 15% more per trip.
Curtis added: “As GCC travel and tourism companies and destinations look to attract a larger share of the Indian market, ATM 2020 will introduce the India Market Forum as part of the show’s new forum & networking series. The session will outline what destinations are doing to attract visitors from this key market while also providing an informal networking event for buyers from India and exhibitors.”
ATM, considered by industry professionals as a barometer for the Middle East and North Africa tourism sector, welcomed almost 40,000 people to its 2019 event with representation from 150 countries. Looking ahead, ATM will adopt Events for Tourism Growth as the official show theme for the 2020 edition of the show.
About Arabian Travel Market (ATM)
Arabian Travel Market is the leading, international travel and tourism event in the Middle East – introducing both inbound and outbound tourism professionals to over 2,500 of the most breathtaking destinations, attractions and brands as well as the very latest cutting-edge technologies. Attracting almost 40,000 industry professionals, with representation from 150 countries, ATM prides itself on being the hub of all travel and tourism ideas – providing a platform to discuss insights on the ever-changing industry, share innovations and unlock endless business opportunities over the four days. New to ATM 2020 will be Travel Forward, a high-end travel and hospitality innovation event, dedicated conference summits and ATM buyer forums for key source markets India, Saudi Arabia, Russia and China as well as the inaugural Responsible Tourism Awards.
To find out more, please visit: www.arabiantravelmarket.wtm.com.
ATM 2020 will take place from Sunday 19th April – Wednesday 22nd April 2020 #IdeasArriveHere
About Arabian Travel Week
Arabian Travel Week is a festival of events taking place within and alongside Arabian Travel Market 2020 including ILTM Arabia, the inaugural Responsible Tourism Awards and Travel Forward – a new travel tech and hospitality innovation event launching this year – as well as ATM Buyer Forums and ATM Speed Networking Events for key source markets India, Saudi Arabia, Russia and China. Providing a renewed focus for the Middle East’s travel and tourism sector – under one roof over the course of one week – Arabian Travel Week will be returning to Dubai World Trade Centre from Sunday 19th April – Thursday 23rd April 2020.
For more information, visit: arabiantravelweek.com
About Reed Exhibitions
Reed Exhibitions is the world’s leading events business, enhancing the power of face to face through data and digital tools at over 500 events a year, in more than 30 countries, attracting more than seven million participants.
About Reed Travel Exhibitions
Reed Travel Exhibitions is the world’s leading travel and tourism event’s organiser with a growing portfolio of more than 22 international travel and tourism trade events in Europe, the Americas, Asia, the Middle East and Africa. Our events are market leaders in their sectors, whether it is global and regional leisure travel trade events, or specialist events for meetings, incentives, conference, events (MICE) industry, business travel, luxury travel, travel technology as well as golf, spa and ski travel. We have over 35 years’ experience in organising world-leading travel exhibitions.
About World Travel Market
World Travel Market (WTM) portfolio comprises four leading B2B events across four continents, generating more than $7 billion of industry deals. In addition to ATM, the events are:
WTM London, the leading global event for the travel industry, is the must-attend three-day exhibition for the worldwide travel and tourism industry. About 50,000 senior travel industry professionals, government ministers and international media visit ExCeL London every November, generating about £3.4 billion in travel industry contracts. http://london.wtm.com/.
Event was held Monday 4 – Wednesday 6 November 2019 in London #IdeasArriveHere
WTM Latin America attracts about 9,000 senior executives and generates about US$374 million of new business. Taking place in Sao Paulo, Brazil, this show attracts a global audience to meet and shape the direction of the travel industry. More than 8,000 unique visitors attend the event to network, negotiate and discover the latest industry news. http://latinamerica.wtm.com/.
Next event: Tuesday 31 March to Thursday 2 April 2020 – Sao Paulo.
WTM Africa launched in 2014 in Cape Town, South Africa. Nearly 5,000 travel industry professionals attend Africa’s leading inbound and outbound travel and tourism market. WTM Africa delivers a proven mix of hosted buyers, media, pre-scheduled appointments, on-site networking, evening functions and invited travel trade visitors. http://africa.wtm.com/.
Next event: Monday 6 to Wednesday 8 April 2020 – Cape Town.