ILTM Arabia launches as outbound travel market set to be worth $165 billion by 2025

ILTM Arabia launches as outbound travel market set to be worth $165 billion by 2025
  • Luxury travel show ILTM Arabia to launch at Arabian Travel Market
  • The Middle East registered a 9 per cent growth in outbound travel numbers in 2015, making it the fastest growing outbound market
  • UAE outbound travel grew 19% between 2013 and 2015

Expenditure on outbound travel from the Middle East is expected to reach $165.3 billion by 2025, according to the World Travel and Tourism Council.

Highlighting the buoyant outbound travel market, another report, issued by the United Nations World Tourism Organisation (2015 Tourism Highlights), which includes research teams from Frost & Sullivan and Insights Middle East, revealed a 9 per cent growth in the number of outbound travellers from the region in 2015, while the total estimated value of outbound travellers from the GCC in 2014 was $64 billion.

The common denominator for both these reports is that the growth is being driven by international luxury travellers, which dovetails conveniently with the launch of International Luxury Travel Market (ILTM) Arabia, in collaboration with Arabian Travel Market (ATM).

The new vertical luxury event takes place on the first two days of the four-day ATM (Monday 24 and Tuesday 25 April) located in hall 1 of the Dubai World Trade Centre.

ILTM Arabia 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.

Alison Gilmore, Portfolio Director for ILTM, said: “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 travellers.”

Simon Press Senior Exhibition Director, Arabian Travel Market, commented: “Although low oil prices and sluggish economic growth at home might be stifling business confidence, the strength of the US dollar of which many of the GCC currencies are pegged to, means travelling overseas is invariably better value than it was in the past. The UAE for example witnessed a 19% increase in outbound trips to Europe in 2013-2015.”

Research company Euromonitor International, says the number of outbound trips from the UAE alone increased by 5 per cent to 3.5 million in 2015, with those travellers spending $19.35 billion, up 10 per cent on 2014 – UAE residents travelled for longer and spent more in 2015.

Only the most discerning luxury travel buyers from the region will be invited to the event including companies such as FSMagic and Quintessentially Travel. Buyers will be fully hosted by ILTM and attend one-to-one, pre-scheduled appointments with up to 25 international luxury travel brands – a first for ATM and the proven successful ILTM portfolio format.

Confirmed exhibitors at ILTM Arabia include Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts, Small Luxury Hotels of the World, The One Barcelona (Spain) and Velaa Private Island (Maldives).

For more information please contact david.todd@reedexpo.co.uk, or visit www.iltm.com/arabia

 – ENDS –

Notes to editors:

About ILTM

International Luxury Travel Market (ILTM) is a portfolio of the world’s leading invitation-only events created for the business of luxury travel.  ILTM brings together the world’s most sought after destinations, ultra-luxurious accommodation, elite transportation and unique travel experiences showcased for the most discerning hosted luxury travel buyers via an unrivalled pre-scheduled appointment system and effective networking and information opportunities.  Alongside the global flagship event in Cannes, ILTM has core international events in the Asia Pacific and Americas and 3 specialist events:  ILTM Japan, ILTM Africa and Travelweek Sao Paulo by ILTM in Brazil.

  • ILTM Japan: Tokyo, Japan, 27 February – 1 March 2017
  • ILTM Africa: Cape Town, South Africa, 21 – 23 April 2017
  • ILTM Arabia (co-located with ATM): Dubai, 24 – 25 April 2017
  • Travelweek Sao Paulo by ILTM: Sao Paulo, Brazil, 25 – 28 April 2017
  • ILTM Asia: Shanghai, China, 5 – 8 June 2017
  • ILTM Americas: Riviera Maya, Mexico, 25 – 28 September 2017
  • ILTM: Cannes, France, 4 – 7 December 2017

www.iltm.com

 

About Reed Travel Exhibitions

Reed Travel Exhibitions (RTE) is the world’s leading travel and tourism events organiser, with a wide-ranging portfolio of 22 international events in 13 countries throughout the Americas, Europe, the Middle East, Asia Pacific and Africa. Its market-leading, business-to-business events cover all elements of travel and tourism, including leisure travel, luxury travel, meetings, events, incentives and business travel, as well as golf and ski travel.

www.reedtravelexhibitions.com

 

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