LEADING international luxury hotels Arabella Sheraton, Sun International, Kwantu Private Game Reserve, Solimer Golf Resort & Spa, Le Passage To India, Leading Hotels of the World, Taj Hotels Resorts and Palaces, Oberoi Hotels & Resorts and Raffles have already committed their participation at this year’s Arabian Travel Market, four months before the region’s premier travel and tourism trade exhibition and event is held again in Dubai.
They are some of the increasing number of tourism industry luxury services providers targeting the Middle East’s lucrative outbound sector, which contributes in excess of $12 billion on annual international vacation spending.
“Luxury travel is an industry in its own right representing the elite three per cent of global travellers who account for 20 per cent of total annual travel expenditure - and who are immune to economic slowdown,” said Chris Chackal, Group exhibitions director, Reed Travel Exhibitions (RTE), the organiser of Arabian Travel Market.
“According to Cap Gemini consultants, the Middle East accounts for approximately $1 trillion of the global $30.8 trillion of high net worth (HNW) wealth and this is growing faster than in any other region, following a 28 per cent growth since 2002. Top tourism industry luxury brands have always been well represented at Arabian Travel Market, but this year we expect an even higher participation as they compete for a larger share in the lucrative outbound Arab market.
“Specialist trade buyers and sellers serving this travel industry sector have very specific needs and expectations compared to their counterparts working in the mainstream travel trade and Arabian Travel Market brings together the world’s top luxury segment players,” added Chackal.
Early bookings indicate Arabian Travel Market 2006, which will be held at the Dubai World Trade Centre from May 2 to 5, will be yet another sell out following a two-year trend registering double digit growth. And RTE says the luxury segment will be key in fuelling further growth for this year’s event.
“We expect similar growth rates to the 30% increase the 2005 show witnessed as the global travel and tourism industry has displayed magnificent resilience having rebounded from a poor start to the decade marred by the 9/11 events,” said Chackal.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.