The 2020 edition of the Arabian Travel Market (ATM) will feature a variety of new buyer forums and networking events that specifically focus on India, Saudi Arabia, China and Russia’s growing outbound potential, as GCC travel and tourism companies and destinations yearn to attract a larger share from these major source markets.
Following the success of the ‘Arabia China Tourism Forum’ at ATM 2019, these new forums and networking events aim to explore the untapped opportunities that India, Saudi Arabia, China and Russia’s expanding tourism markets boast, while also advising travel, tourism and hospitality specialists on how to attract and cater to these key markets.
Next year’s ATM will be inviting 150 hosted buyers from India, China, Russia and the Middle East, as well as partnering with CBN Travel & MICE once again to bring an additional 84 new buyers from China.
Exhibition director ME, ATM, Danielle Curtis declared: “Identifying the key players in the top source markets, along with current and emerging industry trends, are two of the most valuable insights ATM has to offer. Therefore, the 2020 edition will continue to follow that successful model with a packed agenda, including new forums and networking opportunities, as well as an engaging seminar programme.”
Research conducted by Colliers International, in partnership with ATM, has revealed that the number of Indian visitors travelling to the UAE is expected to increase at a Compound Annual Growth Rate (CAGR) of seven per cent to 3.01 million by 2023, while arrivals from Saudi Arabia will increase by two per cent to 1.76 million during the same period.
The data predicts an above average annual growth rate for both Russian and Chinese arrivals to the UAE, with the number of Russian tourists expected to increase at a CAGR of 12 per cent to 1.6 million and Chinese tourists estimated to increase at a CAGR of eight per cent to 1.27 million by 2023.
Indian, Saudi Arabian, Chinese and Russian visitors have grown in recent years due to the introduction of additional and direct airline routes, relaxed visa regulations, the growth of their respective economies, increased disposable incomes and a new generation of leisure attractions and retail destinations, as well as a broad range of hotels and resorts across the region.
Curtis continued: “Over recent years in particular, sentiment at ATM has reflected the growth in these tourists to the Middle East and as we look ahead to the 2020 edition of the show, we are seeing more hotel and travel professionals than ever before eager to capitalise on the significant opportunities presented by these key markets.”
Running with ‘Events for Tourism Growth’ as its official theme, ATM 2020 is scheduled to take place from April 19-22, 2020, at the Dubai World Trade Centre.