logo
Tourism spending in the Middle East is projected to reach $350bln by 2030, according to a new travel industry report

Tourism spending in the Middle East is projected to reach $350bln by 2030, according to a new travel industry report

Biz Bahrain09-06-2025

A new report compiled by Tourism Economics on behalf of Arabian Travel Market (ATM) predicts that by 2030, total tourism spend in the Middle East will be 50% higher than in 2024, generating expenditure of nearly US$350 billion.
The ATM Travel Trends Report 2025 reveals insights into the trends and transformations redefining the travel sector in the Middle East and worldwide, including the surge of business travel, the growth of the luxury segment, and the boom in regional sports tourism. The report highlights exceptional growth in Middle East travel spending, projected to exceed 2019 levels by 54% this year and anticipates an annual growth rate of over 7% from 2025 to 2030.
Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'The report's findings confirm that travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7% through 2030. Bold national visions, game-changing developments, and enhanced connectivity are some of the key factors driving this momentum.'
Underscoring the Middle East's strong position in global tourism, inbound travel from outside the region is set to grow by 13% annually up to 2030 and outbound business travel forecast to surge at 9% per year.
European source markets make up 50% of all leisure travel to the Middle East, with India and the United Kingdom the top two inbound international leisure source markets. China is also a critical market, ranking third by value with leisure spend expected to increase by 130% by 2030. Furthermore, tourism nights by visitors from Asia Pacific and Africa, are expected to increase by over 100% between now and 2030.
For outbound travel, Saudi Arabia and Egypt dominate regional flows, while Thailand and the United Kingdom lead as preferred long-haul destinations.
The four largest airlines in the region – Emirates, Etihad Airways, Qatar Airways and Saudia – have placed nearly 780 aircraft orders with Boeing and Airbus, representing major expansions to their existing fleets. This significant investment underscores the region's strategic focus on becoming a global aviation hub and meeting rising passenger demand over the coming decade.
The Middle East's rise as a global hub for business events is another key highlight of the report, which states that spending on Middle East business travel will grow 1.5 times faster than the global average through to 2030. The region's strategic location at the centre of Asia, Africa, and Europe supports business and leisure travel, with the latter on a particularly strong trajectory for growth.
The sector plays a vital role in developing the region's reputation for hosting major events. It is expected to experience the second-fastest rate of business travel growth among all global regions, underscoring the increased potential for combining business and leisure travel, or 'bleisure'.
Curtis commented: 'At ATM 2025, we recognised the industry's hunger for innovation in travel technology as well as the rising demand for business travel across the region. In response, we launched two dynamic new zones, IBTM@ATM and the Innovation Zone, designed to empower our growing audience to shape the future of travel with the speed and scale our exciting industry demands.'
The region is also witnessing unprecedented growth in luxury and lifestyle tourism, attracting a new generation of high-net-worth travellers, drawn to exceptional Middle East hospitality, curated experiences and premium cultural events. According to the report global spending on luxury leisure hospitality is expected to continue growing briskly reaching over US$390 billion by 2028.
'Travellers drawn to the Middle East tend to spend more on travel overall, nearly 60% habitually spending on luxury experiences while travelling compared to under 40% among travellers who favour other destinations,' added Curtis.
Of the more than 170 luxury hotel properties in the Middle East, nearly 100 are situated Abu Dhabi and Dubai, with 22 currently in development. With several luxury properties in the pipeline among Saudi Arabia's Giga projects, the region will continue to serve as a preferred destination for luxury and leisure travellers.
Following in the footsteps of the Qatar 2022 World Cup and Dubai Expo 2020, the Middle East region has a proven track record for successfully hosting high-profile entertainment and sports events. According to the ATM Travel Trends report, the strong appetite for sports tourism in the region will lead to a potential growth rate of 63% in the coming years, with the 2034 FIFA World Cup in Saudi Arabia set to continue this momentum.
According to the report, golf, motorsports, football, cycling, and esports are all benefiting from heightened visibility and investment in the region. This surge in sporting and entertainment events is significantly boosting the travel industry, driving increased demand for hotel stays, flights, and related services, creating a ripple effect that supports broader tourism growth.
ATM is the leading international travel and tourism event held annually in Dubai. It plays a vital role in shaping the future of global travel. Held at the Dubai World Trade Centre, the 2025 edition welcomed over 55,000 industry professionals from 166 countries, achieving year-on-year growth of 16%. The next edition will take place from 4-7 May 2026.
To view the report, please click here.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil Prices Extend Losses As Iran Rejects Zero Enrichment As Condition For US Talks
Oil Prices Extend Losses As Iran Rejects Zero Enrichment As Condition For US Talks

Gulf Insider

time15 hours ago

  • Gulf Insider

Oil Prices Extend Losses As Iran Rejects Zero Enrichment As Condition For US Talks

A series of headlines, some contradictory, on where things stand with Iran nuclear negotiations with the US, sent oil sliding, then pumping, then extending losses again. One senior Iranian official told Reuters that Iran is 'ready' to discuss limitations on its uranium enrichment, while a quick follow-up headline said 'zero enrichment will undoubtedly be rejected' by Iran 'especially now, under Israel's strikes.' The official said 'the role of European powers is now more prominent, as Tehran is unwilling to engage with US amid Israeli attacks. After that glimmer of hope offered for negotiations, the clarification that nothing has in fact change, sent oil dropping further Friday morning. Oil prices declined on Friday but stayed on track for a third straight weekly increase, following the White House's postponement of a decision regarding US participation in the Israel-Iran conflict: Brent crude futures were down $2.57, or around 3.3%, to $76.28 a barrel by 1204 GMT but still set to gain nearly 3% on the week. According to the latest from Bloomberg: Israel will complete the task of preventing Iran from gaining nuclear weapons whether or not the US joins the operation, its energy minister said. Iranian President Masoud Pezeshkian said the only way to end the war is to 'unconditionally' stop Israel. And Foreign Minister Abbas Araghchi has clarified just before meeting European officials in Geneva related to EU efforts at mediate that 'Iran is not prepared for negotiations with anyone while Israel continues its attacks.' More Friday and overnight headlines… * * * Geopolitics: Middle East War Israel will complete the task of preventing Iran from gaining nuclear weapons whether or not the US joins the operation, its energy minister said. Iranian President Masoud Pezeshkian said the only way to end the war is to 'unconditionally' stop Israel, according to Bloomberg E3/EU-Iran meeting in Geneva expected to occur 'this afternoon', via WSJ's Norman. Israeli Defence Minister Katz has ordered the military to increase attacks on Iranian regime targets within Tehran. Iran's Foreign Minister says they will only hold nuclear talks in the E3 meeting. Russia's Kremlin says dialogue with Ukraine continues expect to agree next week on a date for the next round of talks Ukraine is unpredictable, continue 'special military operation', though would prefer to reach goals by diplomatic needs. US Involvement The White House said, 'message directly from the President – based on the fact that there is a significant chance of negotiations with Iran in the near future – I will make a decision on whether to launch [an attack] in the next two weeks.' US President Trump had been briefed on both the risks and benefits of bombing Fordow and his mindset was that disabling it was necessary due to the risk of weapons being produced in a relatively short period of time, according to CBS. Broadcasting Authority, citing an Israeli source, reported that the US had asked Israel to defer its attack on the Fordow nuclear facility. Kann News reported that there was a 'possible attack at Fordow': according to sources, the US had asked Israel to wait until negotiations with Iran had been exhausted. US President Trump is to attend a National Security Meeting at 11:00 EDT on Friday. US law enforcement officials had stepped up surveillance of Iran-backed operatives in the US, according to CBS sources. The White House said Iran was able to produce a nuclear bomb within 'a couple of weeks'. A White House official told Fox's Heinrich that the US military had no doubt about the efficacy of bunker busters in eliminating the site at Fordow, and also denied that any options—including tactical nuclear weapons—had been taken off the table. The White House Press Secretary said there were no signs that China was getting involved militarily in Iran, according to Reuters. The US reportedly believed Iran would build a nuclear bomb if Supreme Leader Khamenei were assassinated and the Fordow facility was attacked, according to The New York Times. Strikes There were reports of Israeli strikes in the Lavizan area of Tehran, where Iranian Supreme Leader Khamenei was reportedly hiding in a bunker, according to i24 journalist Stein. An Israeli military spokesman said Israel had attacked the special forces headquarters of the internal security apparatus in Tehran within the last 24 hours, according to Reuters. Journalist Horowitz said on X that opposition sources were circulating 'unconfirmed' reports claiming that the head of Iran's military, Abdolrahim Mousavi, had been killed in an Israeli strike. The Fars News Agency said Iran had used a new generation of precision missiles in its attack on Israel on Thursday morning, according to Fars. The Norwegian Foreign Ministry said an explosion had occurred on Thursday evening in Tel Aviv at the residence of the Norwegian ambassador to Israel, according to Reuters. The Jordanian army said an explosives-laden drone had fallen in the Azraq area after it 'fell short of its range,' according to Al Hadath. Iranian media reported that air defences were activated in Isfahan, according to Al Arabiya. Diplomacy Britain, France, and Germany are to hold talks with Iran's Foreign Minister on Friday in a last-ditch effort to avert an escalation of conflict in the Middle East and a possible US intervention, according to FT. Iran's Foreign Minister had reached out to European foreign ministers, requesting a meeting with them on Friday, Jerusalem Post reported. Trump administration officials are pitching the president's two-week timeline as an opportunity to allow diplomacy to play out. Special Envoy Witkoff and Iran's Foreign Minister Araghchi had been in communication in recent days, though there were no plans for the two to meet yet, according to ABC. Trump's special envoy to the Middle East Witkoff will not attend the UK/France/Germany talks with Iran in Geneva on Friday, according to White House officials cited by NBC. An Iranian source denied reports of a phone call between Iranian Foreign Minister Araghchi and US presidential envoy Witkoff following Israel's aggression, according to Iran Nuances. The White House Press Secretary said they would see how the EU meeting with the Iranians went tomorrow, according to Reuters. US officials said no date had been set for a meeting between US and Iranian officials yet, according to Axios. US Military and Deployment Over the next 10 to 14 days, there were expected to be two aircraft carriers in the Middle East and a third operating in the Mediterranean Sea, according to ABC. Iranian Actions A senior IRGC official said that before the Israeli airstrikes, all enriched uranium had been transferred from the nuclear sites to secret hiding locations, according to i24 journalist Stein. Iran's Tasnim News Agency, quoting an Iranian official, said intelligence had thwarted a major Israeli plot against Iranian Foreign Minister Araqchi in Tehran, according to Sky News Arabia. Iraq's Hezbollah threatened to target US bases and close the Strait of Hormuz if Washington joined strikes on Iran, according to Al Hadath. An Israeli official said Iran could likely sustain the current rate of missile fire at Israel for up to five months, provided their missile launchers were not destroyed, according to NBC. Israel anticipated attacks from Iran's proxies across the Middle East, according to Israel Channel 14. An Israeli intelligence official said the imminent collapse of the Iranian regime was far from the truth, according to NBC. Geopolitics: Other A Japanese destroyer sailed through the Taiwan Strait after a Chinese jet approached it, according to Nikkei. China President Xi met with New Zealand PM Luxon in Beijing, according to CCTV.

Trump says EU not offering ‘fair deal' on trade
Trump says EU not offering ‘fair deal' on trade

Daily Tribune

time3 days ago

  • Daily Tribune

Trump says EU not offering ‘fair deal' on trade

AFP | Washington US President Donald Trump said Tuesday that the European Union had yet to offer a 'fair deal' on trade, as Washington negotiates tariff agreements with friends and foes alike. 'We're talking but I don't feel that they're offering a fair deal yet,' Trump said of the EU, speaking to reporters on board Air Force One before arriving back in the United States from a G7 summit in Canada. 'We're either going to make a good deal or they'll just pay whatever we say they will pay.' Shortly after taking office, Trump upended the global economic order by accusing the United States' trading partners of unfair practices and he announced huge global tariffs. Trump imposed a blanket 10 percent tariff on most US trading partners and unveiled higher individual rates on dozens of economies, including India and the European Union -- although he swiftly paused the elevated rates. The pause on those higher duties is due to expire on July 9, though the White House has indicated it could extend the deadline for countries that it believes are negotiating in good faith. The US president also imposed additional sector-specific levies on cars, steel, and aluminum that have hit many US trading partners hard, including the EU. World leaders at the Group of Seven summit in Canada on Monday pushed Trump to back away from his punishing trade war, arguing that it posed a risk to global economic stability. The US president left the G7 talks early, citing the crisis between Iran and Israel, and was back in Washington on Tuesday morning. Before his departure, Trump and EU Commission Chief Ursula von der Leyen met for a few minutes on the sidelines of the G7 in what the European leader told reporters was a 'good and intensive discussion' on trade. 'Of course, it's complex, but we are advancing and that is good,' von der Leyen said after Trump's criticism of the EU's position. The EU chief added that negotiations between the US and Europe were ongoing, including on the sidelines of the G7 on Tuesday, and that both sides were working hard to strike an agreement by the July deadline. US Treasury Secretary Scott Bessent stayed behind after Trump left, spearheading negotiations on trade with the other G7 countries. 'From the very beginning, I have been very clear that a negotiated solution is my favorite solution,' she said, though adding that the EU was ready to retaliate with countermeasures if talks broke down.

Vietnam's Vietjet orders 100 Airbus A321neo planes
Vietnam's Vietjet orders 100 Airbus A321neo planes

Daily Tribune

time3 days ago

  • Daily Tribune

Vietnam's Vietjet orders 100 Airbus A321neo planes

Vietnamese carrier Vietjet has ordered 100 single-aisle A321neo jets from Airbus, the European plane maker said Tuesday in the latest deal announced at the Paris Air Show. The deal would be worth almost $13 billion under 2018 catalogue prices. It includes an option for Vietjet, Vietnam's largest private airline, to buy a further 50 of the jets at a later date. 'This new agreement marks a significant milestone in our strategic partnership with Airbus,' said Vietjet chairwoman Nguyen Thi Phuong Thao. 'These modern and efficient aircraft have been instrumental in Vietjet's growth, helping us make air travel more accessible and affordable for millions, while strengthening our role as a connector for economic development, cultural exchange and global connectivity,' she added. Airbus executive vice president Benoit de Saint-Exupery noted the deal followed hot on the heels of a new order by Vietjet for 20 A330neo widebody aircraft. 'Together the A321neo and A330neo will be perfect partners for Vietjet to continue to spread its wings, efficiently matching capacity more closely to demand across its network,' he said in a statement. Vietjet operates a fleet of more than 100 Airbus aircraft. As of the end of May, more than 7,000 A321neo aircraft -- the largest of Airbus' best-selling A320neo family -- have been ordered by over 90 customers worldwide, Airbus said. The Vietjet deal came a day after Airbus announced orders for a total of more than 100 planes from Saudi companies Riyadh Air and AviLease and Polish airline LOT. Those deals were worth nearly $20 billion at 2018 catalogue prices -- which Airbus has since phased out, as final sale prices vary according to contract terms and the version of an aircraft. Airbus rival Boeing has meanwhile said its focus at the Paris Air Show is on 'supporting customers' after the Air India crash last week.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store