The organizers of the “Arabian Travel Market 2024” exhibition, which will be held from May 6 to 9 next at the Dubai World Trade Center, expect the market for foreign trips from the Gulf Cooperation Council countries to grow significantly during the next five years, which is mainly due to travelers’ preferences. From a segment over 40 years old. A report issued by Research Nester in New York indicated that the age group of people born between 1965 and 1980, known as Generation The segment is based on this growth in the region, especially in the markets of the United Arab Emirates and the Kingdom of Saudi Arabia. The report indicates that the spending of this segment is estimated at approximately $11.1 billion, equivalent to 41% of the total market value of the outbound travel sector in the Kingdom of Saudi Arabia, which will reach about $27 billion by 2028. As for the UAE, the spending of this segment will reach To $18.2 billion, or 60% of the total market value of the outbound travel sector, which will reach $30.5 billion by 2028. Europe is the preferred destination for tourists from the Gulf Cooperation Council countries, and other major destinations for travelers include the United Kingdom, Germany, Italy, Switzerland, and the United States. United States, India, Australia, Malaysia, Singapore and South Africa. This increase in the volume of spending by travelers from the Gulf naturally attracts the attention of many international destinations. Danielle Curtis, Director of the Arabian Travel Market Exhibition, said that during the past year, the Arabian Travel Market hosted 76 national pavilions that occupied about 55% of the total exhibition area, and the 2024 session will witness increasing growth with the return of the pavilions of Spain, China, and a number of African destinations. The Arabian Travel Market will also organize a special summit to review the future of travel markets in India, China and Latin America, in addition to discussing the latest travel trends among different generations. The 31st session of the exhibition will focus on the topic “Empowering Innovation: Developing the Travel Sector Through Entrepreneurship,” with the participation of a number of decision makers and specialists in the leisure and tourism sector from the Middle East and around the world. The exhibition will provide a platform for establishing new relationships and exchanging knowledge and experiences, thus contributing to shaping the future of the global travel and tourism sector. The exhibition features wide participation from emerging companies and established brands, and the importance of innovation to develop the customer experience, enhance efficiency, and accelerate the transition towards zero emissions in this sector will be highlighted during its activities.
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