The amount spent on outbound travel from the Middle East is going to reach $165.3 billion by 2025, according to the World Travel and Tourism Council.
The figures were released ahead of the Arabian Travel Market (ATM), which is taking place in Dubai World Trade Centre from April 24-27.
There has been a 9% growth in the number of outbound travellers from the region in 2015, while the total estimated value of outbound travellers from the GCC in 2014 was $64 billion.
Part of this is down to an increase in demand for luxury travel, which in turn has led to the formation of International Luxury Travel Market (ILTM) Arabia, which will take place over the first two days of ATM.
ILTM portfolio director Alison Gilmore said: “The Arabian outbound market is established and affluent, with a growing generation of individuals looking to spend their leisure time in the world’s finest places.
“This year we are inviting some of our closest partners to experience the new ILTM Arabia and explore the increasing business opportunities from the region’s highest net worth travellers.”
ILTM Arabia will target high net-worth travellers from throughout the GCC and wider Middle East region, with buyers from the UAE, Saudi Arabia and Qatar expected to have a particularly strong presence.