Indian market in GCC shows continuous growth

ATM

 

Colliers International, the Arabian Travel Market’s (ATM) official research partner, has released figures predicting that nine million Indians will travel to the GCC by 2021.

The UNWTO has further reported that the outbound Indian travel market is anticipated to grow to 50 million by 2021, with the average spend per trip by Indian travellers also increasing.

Travel Forward 20

Senior exhibition director, ATM, Simon Press stated: “Surprisingly, there are just over 65 million passport holders in India out of a population of around 1.3 billion. Still, it is no surprise that the growth of the global travel industry is being led by Asian travellers and the Middle East region can expect to benefit, with Indian tourist arrivals expected to grow by CAGR of seven to eight per cent. We have witnessed this growth first hand with ATM 2017 welcoming 54 per cent more visitors from India compared to 2014.”

Over the five-year period from 2012 to 2016, the average percentage of Indian arrivals out of total arrivals in Kuwait stood at 15.4 per cent; KSA, 10.6 per cent; Bahrain, 17.6 per cent; Oman, 11.2 per cent; and UAE 9.8 per cent.

According Colliers, by 2021, this is expected to increase to 17.12 per cent (Kuwait), 11.88 per cent (KSA), 19.26 per cent (Bahrain), 10.8 per cent (UAE) and 11.9 per cent (Oman).

Press elaborated: “The influx of Indian visitors to the GCC shows no sign of abating and is expected to continue rising, with the added benefit of an increase in the average spent by Indians on outbound travel.”

A 45 per cent increase in sharers at the India stand at ATM 2017 was recorded. 25 Indian participants in total, including two regional boards and another strong contingent, are expected at ATM 2018, which is taking place from April 22-25.
Not only are the two regional boards returning to the show, but there are other regional boards from the India who have shown interest in exhibiting at the next edition of the exhibition.