Latest news with #DanielleCurtis
Business Recorder
2 days ago
- Business
- Business Recorder
Middle East tourism spending to hit $350bn by 2030
A new report released by Tourism Economics on behalf of Arabian Travel Market (ATM) forecasts a dramatic surge in tourism spending across the Middle East, with total expenditure projected to reach almost $350 billion by 2030. Unveiled in the ATM Travel Trends Report 2025, the findings highlight the transformative shifts and attributes the rise to the rise of business, leisure as well as sports tourism in the Middle East. The report gave a nod to the luxury hotel boom in Dubai and Abu Dhabi, which has been building capacity in recent years to respond to luxury travel demand. Dubai also welcomed a new record of 18.72 mn international visitors in 2024. The report estimates that Middle East travel spending in 2025 will exceed pre-pandemic 2019 levels by 54 percent, with a sustained growth trajectory of 7 percent annually from 2025 to 2030. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 percent through 2030,' she was quoted as saying. 'Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.' Countries driving the growth The highest influx of visitors for leisure travel are from Europe, added the report. India and the United Kingdom top the list of inbound international leisure markets, followed by China, which is expected to see a 130 percent increase in leisure travel spending by 2030. Tourism nights from Asia Pacific and African visitors are also expected to more than double during the same period. On the outbound front, Saudi Arabia and Egypt lead regional travel flows, with Thailand and the UK ranking as top long-haul destinations. Aviation sector expanding The region's aviation sector is preparing for this surge with major fleet expansions. The four largest Middle Eastern carriers — Emirates, Etihad Airways, Qatar Airways, and Saudia — have collectively ordered nearly 780 aircraft from Boeing and Airbus, signaling long-term investments in capacity and service excellence, added the report. Last month, Emirates airline posted record annual profit on strong travel demand. Meanwhile, earlier this year, Dubai International Airport (DXB) retained the title of the World's Busiest International Airport in 2024, reaching nearly 92.3 million passengers. Dubai is also set to complete the first phase of Al Maktoum International Airport – set to be the world's largest – by 2032. Saudi Arabia is also getting ready to launch Riyadh Air, its new premium national carrier, by the end of 2025. This growth aligns with the region's broader ambition to become a global aviation and business travel hub, thanks to its geographic advantage at the crossroads of Asia, Africa, and Europe. Dubai's tourism sector thrives with hospitality industry matching demand Luxury tourism booms The report also underscores the Middle East's emergence as a luxury tourism hotspot, driven by high-net-worth travelers seeking premium experiences, cultural depth, and the region's signature hospitality. In an earlier interview with Khaleej Times, Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing (DCTCM) said, 'People are drawn to Dubai due to a combination of its unique and cosmopolitan lifestyle, its high level of safety, the ease of access to the city, doing business and navigating daily life in Dubai.' Global luxury leisure spending is forecast to reach $390 billion by 2028, with the Middle East capturing a growing share, added the report. Currently, over 170 luxury hotels operate in the region, nearly 100 of them in Dubai and Abu Dhabi, with another 22 under development. These efforts also align with the goals of D33, which aims to double the size of Dubai's economy by 2033. Dubai has also retained its top 10 ranking in the Global Power City Index for two years running. 'Dubai makes even luxury travel affordable' as Gulf city welcomes record tourists Currently, the Middle East is also experiencing a boom in sports tourism, with UAE, Saudi Arabia and Qatar hosting global sporting events, driving increased demand for flights, accommodations, and event-related services.
Zawya
2 days ago
- Business
- Zawya
Middle East tourism spend to jump 50% to $350bln by 2030
The total tourism spend in the Middle East by 2030 will be 50% higher than in 2024, generating expenditure of nearly $350 billion, according to A new report compiled by Tourism Economics on behalf of Arabian Travel Market (ATM). The ATM Travel Trends Report 2025 reveals insights into the trends and transformations redefining the travel sector in the Middle East and worldwide, including the surge of business travel, the growth of the luxury segment, and the boom in regional sports tourism. The report highlights exceptional growth in Middle East travel spending, projected to exceed 2019 levels by 54% this year and anticipates an annual growth rate of over 7% from 2025 to 2030. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 per cent through 2030. Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.' Underscoring the Middle East's strong position in global tourism, inbound travel from outside the region is set to grow by 13 per cent annually up to 2030 and outbound business travel forecast to surge at 9 per cent per year. European source markets make up 50% of all leisure travel to the Middle East, with India and the United Kingdom the top two inbound international leisure source markets. China is also a critical market, ranking third by value with leisure spend expected to increase by 130% by 2030. Furthermore, tourism nights by visitors from Asia Pacific and Africa, are expected to increase by over 100% between now and 2030. For outbound travel, Saudi Arabia and Egypt dominate regional flows, while Thailand and the United Kingdom lead as preferred long-haul destinations. The four largest airlines in the region – Emirates, Etihad Airways, Qatar Airways and Saudia – have placed nearly 780 aircraft orders with Boeing and Airbus, representing major expansions to their existing fleets. This significant investment underscores the region's strategic focus on becoming a global aviation hub and meeting rising passenger demand over the coming decade. The Middle East's rise as a global hub for business events is another key highlight of the report, which states that spending on Middle East business travel will grow 1.5 times faster than the global average through to 2030. The region's strategic location at the centre of Asia, Africa, and Europe supports business and leisure travel, with the latter on a particularly strong trajectory for growth. The sector plays a vital role in developing the region's reputation for hosting major events. It is expected to experience the second-fastest rate of business travel growth among all global regions, underscoring the increased potential for combining business and leisure travel, or 'bleisure'. Curtis commented: 'At ATM 2025, we recognised the industry's hunger for innovation in travel technology as well as the rising demand for business travel across the region. In response, we launched two dynamic new zones, IBTM@ATM and the Innovation Zone, designed to empower our growing audience to shape the future of travel with the speed and scale our exciting industry demands.' The region is also witnessing unprecedented growth in luxury and lifestyle tourism, attracting a new generation of high-net-worth travellers, drawn to exceptional Middle East hospitality, curated experiences and premium cultural events. According to the report global spending on luxury leisure hospitality is expected to continue growing briskly reaching over US$390 billion by 2028. 'Travellers drawn to the Middle East tend to spend more on travel overall, nearly 60% habitually spending on luxury experiences while travelling compared to under 40% among travellers who favour other destinations,' added Curtis. Of the more than 170 luxury hotel properties in the Middle East, nearly 100 are situated Abu Dhabi and Dubai, with 22 currently in development. With several luxury properties in the pipeline among Saudi Arabia's Giga projects, the region will continue to serve as a preferred destination for luxury and leisure travellers. Following in the footsteps of the Qatar 2022 World Cup and Dubai Expo 2020, the Middle East region has a proven track record for successfully hosting high-profile entertainment and sports events. According to the ATM Travel Trends report, the strong appetite for sports tourism in the region will lead to a potential growth rate of 63% in the coming years, with the 2034 FIFA World Cup in Saudi Arabia set to continue this momentum. According to the report, golf, motorsports, football, cycling, and esports are all benefiting from heightened visibility and investment in the region. This surge in sporting and entertainment events is significantly boosting the travel industry, driving increased demand for hotel stays, flights, and related services, creating a ripple effect that supports broader tourism growth. ATM is the leading international travel and tourism event held annually in Dubai. It plays a vital role in shaping the future of global travel. Held at the Dubai World Trade Centre, the 2025 edition welcomed over 55,000 industry professionals from 166 countries, achieving year-on-year growth of 16%. The next edition will take place from May 4-7, 2026. - Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
2 days ago
- Business
- Arabian Business
Middle East tourism spend to hit $350bn by 2030 amid luxury, sports, and business travel boom
Middle East tourism spending is projected to surge by 50 per cent to reach $350bn by 2030, according to the new ATM Travel Trends Report 2025, compiled by Tourism Economics for Arabian Travel Market (ATM). The report highlights the region's exceptional post-pandemic rebound and long-term growth potential, driven by luxury travel, business events, and sports tourism. Spending on tourism across the Middle East is already on track to exceed pre-pandemic levels by 54 per cent this year. Middle East tourism spending From 2025 to 2030, the market is expected to grow at more than 7 per cent annually. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 per cent through 2030. 'Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.' Key insights from the report include: Inbound travel to the Middle East is set to grow 13 per cent annually, with India, the UK, and China among the top source markets Chinese leisure spending alone is forecast to grow 130 per cent by 2030 Tourism nights from Asia Pacific and Africa will more than double Business travel in the region is expected to grow 1.5 times faster than the global average, positioning the Middle East as a top global 'bleisure' hub Luxury travel is booming, with nearly 60 per cent of visitors choosing premium experiences. Over 170 luxury hotels already operate in the region, with dozens more in development in the UAE and Saudi Arabia Sports tourism is forecast to grow 63 per cent, fuelled by major events such as the 2034 FIFA World Cup in Saudi Arabia and a surge in interest in motorsports, golf, cycling, and esports Airlines are scaling up rapidly to meet demand: Emirates, Etihad, Qatar Airways, and Saudia have placed nearly 780 new aircraft orders with Boeing and Airbus, solidifying the region's role as a global aviation hub As the Middle East continues to attract high-spending tourists and host world-class events, it is cementing its position as one of the fastest-growing and most dynamic tourism regions on the planet.
Trade Arabia
2 days ago
- Business
- Trade Arabia
Middle East tourism spend to jump 50% to $350bn by 2030
The total tourism spend in the Middle East by 2030 will be 50% higher than in 2024, generating expenditure of nearly $350 billion, according to A new report compiled by Tourism Economics on behalf of Arabian Travel Market (ATM). The ATM Travel Trends Report 2025 reveals insights into the trends and transformations redefining the travel sector in the Middle East and worldwide, including the surge of business travel, the growth of the luxury segment, and the boom in regional sports tourism. The report highlights exceptional growth in Middle East travel spending, projected to exceed 2019 levels by 54% this year and anticipates an annual growth rate of over 7% from 2025 to 2030. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 per cent through 2030. Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.' Underscoring the Middle East's strong position in global tourism, inbound travel from outside the region is set to grow by 13 per cent annually up to 2030 and outbound business travel forecast to surge at 9 per cent per year. European source markets make up 50% of all leisure travel to the Middle East, with India and the United Kingdom the top two inbound international leisure source markets. China is also a critical market, ranking third by value with leisure spend expected to increase by 130% by 2030. Furthermore, tourism nights by visitors from Asia Pacific and Africa, are expected to increase by over 100% between now and 2030. For outbound travel, Saudi Arabia and Egypt dominate regional flows, while Thailand and the United Kingdom lead as preferred long-haul destinations. The four largest airlines in the region – Emirates, Etihad Airways, Qatar Airways and Saudia – have placed nearly 780 aircraft orders with Boeing and Airbus, representing major expansions to their existing fleets. This significant investment underscores the region's strategic focus on becoming a global aviation hub and meeting rising passenger demand over the coming decade. The Middle East's rise as a global hub for business events is another key highlight of the report, which states that spending on Middle East business travel will grow 1.5 times faster than the global average through to 2030. The region's strategic location at the centre of Asia, Africa, and Europe supports business and leisure travel, with the latter on a particularly strong trajectory for growth. The sector plays a vital role in developing the region's reputation for hosting major events. It is expected to experience the second-fastest rate of business travel growth among all global regions, underscoring the increased potential for combining business and leisure travel, or 'bleisure'. Curtis commented: 'At ATM 2025, we recognised the industry's hunger for innovation in travel technology as well as the rising demand for business travel across the region. In response, we launched two dynamic new zones, IBTM@ATM and the Innovation Zone, designed to empower our growing audience to shape the future of travel with the speed and scale our exciting industry demands.' The region is also witnessing unprecedented growth in luxury and lifestyle tourism, attracting a new generation of high-net-worth travellers, drawn to exceptional Middle East hospitality, curated experiences and premium cultural events. According to the report global spending on luxury leisure hospitality is expected to continue growing briskly reaching over US$390 billion by 2028. 'Travellers drawn to the Middle East tend to spend more on travel overall, nearly 60% habitually spending on luxury experiences while travelling compared to under 40% among travellers who favour other destinations,' added Curtis. Of the more than 170 luxury hotel properties in the Middle East, nearly 100 are situated Abu Dhabi and Dubai, with 22 currently in development. With several luxury properties in the pipeline among Saudi Arabia's Giga projects, the region will continue to serve as a preferred destination for luxury and leisure travellers. Following in the footsteps of the Qatar 2022 World Cup and Dubai Expo 2020, the Middle East region has a proven track record for successfully hosting high-profile entertainment and sports events. According to the ATM Travel Trends report, the strong appetite for sports tourism in the region will lead to a potential growth rate of 63% in the coming years, with the 2034 FIFA World Cup in Saudi Arabia set to continue this momentum. According to the report, golf, motorsports, football, cycling, and esports are all benefiting from heightened visibility and investment in the region. This surge in sporting and entertainment events is significantly boosting the travel industry, driving increased demand for hotel stays, flights, and related services, creating a ripple effect that supports broader tourism growth.
Tourism Breaking News
3 days ago
- Business
- Tourism Breaking News
Middle East travel spending set to soar 50% by 2030, driven by inbound tourism, luxury, and business travel boom
Post Views: 35 Travel spending in the Middle East is on course to surge by 50% by the end of the decade, reaching nearly USD 350 billion by 2030, according to the newly released ATM Travel Trends Report 2025. The report, developed by Arabian Travel Market (ATM) in partnership with Tourism Economics, highlights that the inbound travel to the Middle East is forecast to rise by 13% annually between 2025 and 2030, with Asia and Africa emerging as key source markets and outbound business travel forecast to surge at 9% per year. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7% through 2030. Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.' Leisure travel from Europe continues to dominate, accounting for half of all visitors, with India and the UK leading as top international source markets. China is also a rising force, with Chinese leisure spending projected to increase by an impressive 130% by 2030.
