According to research conducted by Allied Market Research, the MICE industry is anticipated to reach over $1.4 billion in the next five years, registering a CAGR of 7.6 per cent.
The UNWTO projects the Middle East as one of the fastest-growing tourism generators globally, with outbound travel having quadrupled in the last two decades, which makes the region an important source market for any destination.
The UAE is the second biggest source market for outbound travel from the Middle East, surpassed by Saudi Arabia, with business and luxury outbound travellers being a combination of locals and expats. The growing number of destinations served by the UAE’s airlines is also one of the factors that attributes to the growth of outbound travel from the UAE.
However, as new generations with different demands are taking over the market, the concern for sustainability is increasing, with health and lifestyle becoming a very important factor for destination selection.
The eighth annual Meetings Arabia and Luxury Travel Congress, scheduled to take place in Dubai at the Rixos Premium JBR on February 25-26, 2020, will once again bring the entire realm of meetings, events, business and luxury travel buyers from across the region to meet top suppliers and discuss diverse trends, strategies, challenges and solutions in the industry.
Along with a conference and one to one meeting format, Meetings Arabia & Luxury Travel Congress is set to host the MALT Excellence Awards, the regions’ one of a kind, most coveted award ceremony that highlights, honours and celebrates path-breaking achievements of top organisations and individuals, who have demonstrated exemplary initiatives in MICE industry.