Arabian Travel Market (ATM) 2024 has introduced it is going to maintain a devoted Indian Summit on the occasion this yr.

The information comes following a  report printed by by reserving.com and McKinsey, that reveals 70% of Indians travelling abroad select close by locations, with one third selecting locations within the Middle East. 

Titled ‘Unlocking the True Potential of Inbound Indian Travellers, the Summit will take place at ATM’s Global Stage on Monday May 6, from 14:45 to fifteen:25 together with VIDEC Consultants Private Limited. 

The Summit will discover the dynamics of India as a key supply marketplace for tourism development, in addition to present and future alternatives.

The report discovered that the UAE is the highest regional vacation spot for travellers, adopted by Saudi Arabia. 

According to the DET, India is Dubai’s high supply market, with 1.9 million guests within the first 10 months of 2023 whereas Saudi Arabia is aiming for 7.5 million guests by 2030. 

Prior to the pandemic in 2019, Indians made 26.9 million abroad journeys. The report predicts that by 2030, that quantity may improve to 50 million departures.    

Danielle Curtis, exhibition director ME of Arabian Travel Market, mentioned: “The boom in outbound travel from India is being driven primarily by the growing middle class. In 2020, only 37 million households had annual income between $10,000 and up to $35,000, but due to India’s rapid economic growth, by 2030 that number will rise significantly to 177 million households. 

“More specifically, households earning over $35,000 per annum will also increase from two million in 2020 to 13 million by 2030, a sixfold increase! 

“And with India’s median age being just 28 years, it’s little wonder that the UNWTO recognises India as one of the top three fastest-growing outbound markets in the world. By 2030, India’s total travel expenditure will be valued at $410 billion. 

“Putting that into perspective, prior to Covid, in 2019, it was worth just $150 billion, an increase of 173%.”

Furthermore, it’s not simply the quantity of Indian travellers that’s getting Middle East locations excited. According to a survey by Acko Insurance, the vast majority of Indian travellers who responded have been keen to spend as much as $7,000 on worldwide journeys.   

Another purpose already alluded to is the shut proximity of the Gulf states, Dubai is the preferred metropolis vacation spot for Indian travellers, simply three hours flight time from Mumbai. 

In addition, elevated connectivity and reasonably priced air journey from tier-two cities are additionally driving demand, significantly direct flights with low-cost carriers.

“And with over 8.5 million Indian expatriates currently working in the GCC, business travel and bleisure, will undoubtedly underpin this growth,” added Curtis. 

Last yr’s ATM hosted a number of high-profile exhibitors from India, together with Air India, who exhibited for the primary time; the Goa Department of Tourism; Madhya Pradesh Tourism Board, Uttar Pradesh Tourism; Karnataka Department of Tourism; Odisha Tourism and Puducherry Tourism. 

This yr, with an anticipated 20% improve in exhibitors from India anticipated, TBO.com, Taj Hotels, Rezlive, and Rategain have already confirmed. 

New exhibitors to function within the 2024 version of the present embody Verteil Technologies and The Paul Resorts & Hotels.

The occasion going down May 6-9, is held together with Dubai World Trade Centre.

Its 2024’s strategic companions embody Dubai’s Department of Economy and Tourism (DET) as Destination Partner; Emirates as Official Airline Partner; IHG Hotels & Resorts as Official Hotel Partner; Al Rais Travel as Official DMC Partner and Rotana Hotels & Resorts as Registration Sponsor.