The submit ATM 2024 to discover the complete spectrum of journey and tourism appeared first on TD (Journey Each day Media) Model TD.
Contributors from around the globe will discover alternatives spanning all the spectrum of journey and tourism – together with leisure, enterprise, luxurious and conferences, incentives, conferences and exhibitions (MICE) – on 31.St version of Arabian Journey Market (ATM)to be held on the Dubai World Commerce Middle (DWTC) within the UAE from Monday 6 to Thursday 9 Might 2024.
Income within the international journey and tourism market is projected to achieve 854.7 billion {dollars} this yr, in response to analysis carried out by Statista. The sector is predicted to develop at a compound annual progress price (CAGR) of 4.42 p.c throughout the interval 2023-27, crossing the trillion greenback mark within the subsequent 4 years.
Allied Market Analysis estimated the worldwide enterprise journey market at 689.7 billion {dollars} in 2021, forecasting the section to develop to $2.1 trillion by 2031. The worldwide luxurious journey market, in the meantime, is on observe to go 440 billion {dollars} by the top of this decade, in response to analysis by Coherent Market Insights. The MICE section additionally continues to make a worthwhile contribution in GCC nations such because the UAE, the place DWTC’s newest annual Financial Influence Evaluation (EIA) report estimates that the venue’s whole financial output – throughout 63 main occasions – exceeded 3.5 billion {dollars} in 2022
In keeping with the ATM 2024 theme ‘Reworking Journey by means of Entrepreneurship’, attendees will think about how the leisure, enterprise, luxurious and MICE segments are driving financial progress and sustainable improvement in locations, hospitality and aviation, creating new alternatives for entrepreneurs and traders from throughout the Center East and wider.
Danielle Curtis, Exhibition Director, Arabian Journey Market, mentioned: “Folks on vacation are a key focus for the Center East journey neighborhood, however leisure is just one part of a a lot greater image. Enterprise, luxurious and MICE journey additionally contribute considerably to financial progress and sustainable improvement, with Statista predicting a worldwide market quantity of greater than $1 trillion by 2027.
“Subsequently it’s no shock that the journey and tourism sector is creating unprecedented alternatives for entrepreneurs and traders, hundreds of whom will current their improvements, change concepts and create new partnerships at ATM 2024,” she added.
The journey and tourism sector is on observe to contribute $49.18 billion to the UAE economic system alone in 2023, in response to figures launched by the World Journey and Tourism Council (WTTC). That determine is projected to achieve $64.12 billion by 2033, accounting for a powerful 10.2 p.c of the nation’s GDP.
Because the journey and tourism trade within the Center East continues to mature, it’s anticipated to create new jobs and revenue for tens of millions of individuals around the globe. The federal government of the United Arab Emirates, for instance, estimates that the nation’s journey and tourism market will assist this 770,000 jobs by 2027. On the similar time, the sector is predicted to generate rising revenues for regional economies – Gulf vacationers spend approx. 6.5 occasions extra however vacationers from different elements of the world, in response to the UN World Tourism Group (WTO).
Sustainable improvement will probably be one other key focus at ATM 2024 because the honest builds on the zero internet commitments outlined throughout the thirtieth milestoneth version. The Dubai Division of Economic system and Tourism (DET), ATM’s vacation spot associate, will showcase its ongoing efforts to guard the surroundings and guarantee a greener and extra sustainable future for the emirate. Pioneering initiatives similar to Dubai Sustainable Tourism, Dubai Can and the Dubai Carbon Calculator – together with the town internet hosting COP28 later this yr – will present the best backdrop for ATM guests seeking to acknowledge the alternatives related to accountable tourism within the UAE and the broader Center East. .
Due to a regional enterprise strategy to policy-making, tax-free wages and ongoing visa reforms, GCC nations made up 5 of the world’s prime 10 best locations for expats to settle in, in response to InterNations report. Within the first quarter of 2023, a Magnitta report discovered that Saudi Arabia led the area in enterprise capital investments for startups, whereas the UAE topped the record when it comes to the variety of exits. As such, the upcoming version of ATM will supply the proper discussion board for audio system, panelists and viewers members to discover alternatives for entrepreneurs and traders working within the Center East journey and tourism house.
Strategic companions of ATM 2024, which is being held in collaboration with the Dubai World Commerce Centre, embody the Ministry of Economic system and Tourism (DET), Vacation spot Associate; Emirates, official airline associate; IHG Inns & Resorts, official resort associate; and Al Rais Journey, official DMC associate.
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