UAE, Oman lead regional luxury thrust
THE UAE and Oman are leading the Middle East charge to this year’s installment of the world’s pre-eminent luxury travel gathering, the International Luxury Travel Market, which takes place at Cannes from December 5 to 7.
“Both Oman’s Ministry of Tourism and the Dubai Department of Tourism and Commerce Marketing have taken over 50sqm of space at the event, and will no doubt be splitting their space with respective companies from within their countries,” says an event spokesman. Among the regional companies that will participate in the event’s Global Village section are Jumeirah International and Emirates Hotels & Resorts.
ILTM is now in its fifth year and exhibitor space is filling fast, with over 98 per cent of space already allocated for the event. Along with the familiar luxury travel brands and companies, 55 new companies will be at this years show from around the globe. A total of over 1140 companies are estimated to be exhibiting at the event, a very slight increase over 2005.
Confirmed buyer numbers are likely to be double what they were at the same period in 2005. In total over 500 buyers have confirmed attendance at ILTM 2006, which is well up on figures from the same period in 2005. Currently over thirty buyers have confirmed their involvement at ILTM from the Middle East, with the majority from the UAE. ILTM are aiming for over sixty buyers from the region.
Globally there are over 8.3 million high net worth individuals (those with over $1 million in disposable income), attributing to total wealth over $31 trillion. With these figures in mind, the world for the savvy high-end traveller, is getting smaller by the day.