UAE, Oman, Qatar and Saudi lead the race for regional tourism revenue growth
Speaking on the sidelines of the Arabian Travel Market (ATM) 2013, Mark Walsh, Portfolio Director, Reed Travel Exhibitions, ATM organiser, highlighted the growth of tourism revenue of a number of regional destinations, especially that of the UAE, Oman, Qatar and Saudi Arabia.
Held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, ATM 2013 is being held at the Dubai International Exhibition and Conference Centre. This year marked the 20th edition of the region’s leading travel industry showcase and welcomed over 2,500 exhibitors from 87 countries. From Qatar, major organisations such as Qatar Tourism Authority, Katara Hospitality and Qatar Airways participated.
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In a press statement, Walsh said: “The regional tourism map is now incredibly diverse with travel and tourism directly contributing US$76.6 billion to GDP in 2013, which is forecast to rise by 4.2% this year alone as ongoing investment into the sector and infrastructure development in key markets supports the dual long term goals of driving visitor numbers and moving towards sustainable economic diversification.”
Qatar is considered one of the fastest growing markets in the Gulf. The country is investing US$65 billion to host the 2022 FIFA World Cup. By then, Qatar will have over 85,000 new hotel rooms and as many as 3.7 million visitors per annum.
Click here to read the full report.
Meanwhile, Amadeus Air Traffic Travel Intelligence also shared their air traffic analysis for 2012. As per the findings, Saudi Arabia, UAE and Qatar contributed to an average growth rate of 10% in air traffic volume in the Middle East in 2012 as compared to the previous year. The three countries accounted for over 53% of passengers i.e. 52.8 million of the total 99 million passengers whose point of departure originated from the Middle East in 2012.
Here are some other interesting highlights from the report:
- Saudi Arabia is the largest air travel market in the region with 25% of the total passenger traffic in the Middle East in 2012. Up next is the UAE accounting for 23% of the regional market share. Qatar represents 5% of the region`s air traffic market with 4.74 million travellers.
- UAE is the most popular point of origin for intercontinental journeys. Over 15.7 million passengers began their intercontinental journey in the UAE in 2012 as compared to Saudi Arabia’s 7.8 million passengers and Qatar’s 2.8 million passengers.
- The UAE also has the highest ratio of intercontinental travellers (68%) versus passengers travelling within the country and departing from there to other destinations within the region (32%). Qatar has the second highest ratio.
- The overall market share of the Middle East’s low cost carriers grew from 11.7% in 2011 to 13.5% in 2012, but is still low as compared to other regions such as Europe, South Asia or North America regions. Low cost carriers had an 8% share of traffic in the Qatari air travel market.
- Middle East’s three key airports of Dubai, Doha and Abu Dhabi experienced high connecting traffic volumes of around 50% and is growing at 10% per year, while other airports in the region (Jeddah, Riyadh or Cairo) showed connection rates of around 10%.
Click here to read full report.