Cairo- Decypha: The Middle East’s expenditure on outbound travel is expected to reach $165.3 billion by 2025, according to the World Travel and Tourism Council.
Similarly, another report issues by the United Nations World Tourism Organisation states that growth in the number of outbound travellers from the region in 2015 has reached 9%. The same report highlighted that the total estimated value of outbound travellers from the GCC in 2014 amounted to $64 billion.
Both reports have highlighted the growing number of luxury travellers in the region as the main reason for the positive outlook, a fact that was also highlighted by the International Luxury Travel Market (ILTM) Arabia as the reason behind their launch.
ILTM Arabia, a four day event that will take place in Dubai World Trade Center, will target high net-worth travellers from throughout the GCC and wider Middle East region, with buyers from the UAE, Saudi Arabia and Qatar expected to have a particularly strong presence.
Research company Euromonitor International has similarly stated that the number of outbound trips from the UAE alone increased by 5% to reach 3.5 million in 2015, with total spending increasing by 10% from the previous year to reach $19.35 billion. Additionally Euromonitor’s reported noted that UAE residents tend to travel for longer durations and spend more.
By Decypha News Editorial Team
