Arabian Travel Market 2020 (ATM) has launched a new series of buyer forums and networking events focused on India, Saudi Arabia, China and Russia’s growing outbound potential, as GCC travel and tourism companies and destinations look to attract a larger share from these major source markets.
Following the launch of the ‘Arabia China Tourism Forum’ at ATM 2019, these new forums and networking events have been designed to explore the untapped opportunities that India, Saudi Arabia, China and Russia’s expanding tourism markets present while advising travel, tourism and hospitality professionals, on how to attract and cater to them.
As part of the networking sessions, ATM will be inviting 150 hosted buyers from India, China, Russia and the Middle East as well as partnering with CBN Travel & MICE to bring an additional 84 new buyers from China.
Looking at the UAE alone, according to research from Colliers International, in partnership with ATM, the number of Indian visitors travelling to the UAE is expected to increase at a Compound Annual Growth Rate (CAGR) of 7% to 3.01 million by 2023, while arrivals from Saudi Arabia will witness an increase of 2% to 1.76 million during the same period.
The data also predicts an above average annual growth rate for both Russian and Chinese arrivals to the UAE, with the number of Russian tourists expected to increase at a CAGR of 12% to 1.6 million and Chinese tourists estimated to increase at a CAGR of 8% to 1.27 million by 2023.