Latest news with #TourismEconomics
Tourism Breaking News
2 days ago
- Business
- Tourism Breaking News
Arabian Travel Market underscores the vital role of Asia Pacific in the future of tourism as international travel is set to reach US$2.5 trillion by 2029
Post Views: 28 According to a recent report compiled by Tourism Economics on behalf of ATM, tourism nights from Asia Pacific and Africa are on track to more than double between 2025 and 2030. The number of tourism nights, specifically from China to the Middle East, is expected to grow by 189% through 2030, and APAC source markets are set to account for the largest share of business nights in the region, with India, in particular, gaining importance. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: 'More than 60% of travellers are booking trips around concerts and sporting events, while over 40% are influenced by digital platforms such as TikTok. Interestingly, film and television are also playing a significant role, evidenced by a rise in bookings to Thailand following the popularity of The White Lotus.' The Asia-Pacific (APAC) region is poised for significant tourism growth, with spending on international travel forecast to hit US$2.5 trillion and domestic travel to reach US$4.3 trillion by 2029, according to the latest data from Euromonitor International. Outbound travel from APAC is projected to grow at a CAGR of 7%, with intra-regional journeys expected to account for 61% of all trips by the end of 2025. By 2029, one in three trips is anticipated to be outside the APAC region, with 75% of bookings set to be made online. The Dubai Economic Agenda, D33, is key to ensuring the emirate's strategic success in APAC markets, with a focus on market segmentation and storytelling. By tailoring messaging for platforms such as the video-sharing website Bilibili and the social networking and e-commerce platform Red Note, and leveraging strong air links through carriers like Emirates and flydubai, Dubai's tourism authorities continue to position the city as a relevant, accessible, and aspirational destination for travellers across Asia. As a newcomer to APAC tourism markets, Saudi Arabia has adopted a highly localised approach, as outlined during the discussion. Recognising the diversity of the region, which comprises 49 distinct countries, tourism authorities in the Kingdom study each source market closely, from dietary preferences to cultural nuances, tailoring travel experiences accordingly. This strategy is supported by partnerships with media, trade, and research bodies to ensure that Saudi Arabia's offerings resonate authentically with travellers across the region. Curtis added: 'Technology is playing an increasingly pivotal role in travel decision-making across the APAC region, with consumers relying heavily on digital tools, social media, and AI. Mobile-first planning is transforming how travellers research and book trips, although the digital landscape varies significantly from country to country. One constant across the region is the importance of trust, particularly in peer-generated content, which continues to influence traveller choices at every stage of the journey.'
Yahoo
12-06-2025
- Business
- Yahoo
Trump's policies disrupt global tourism
The United States is facing a significant decline in international tourism in 2025, with foreign visitor numbers and spending forecast to drop sharply. Analysts link the downturn to a series of policy moves by President Donald Trump, including new travel bans, heightened border scrutiny, and rollbacks on civil rights protections. The World Travel & Tourism Council estimates that these developments could cost the US economy $12.5 billion this year, deepening the trade deficit as inbound tourism is considered an export. According to the US International Trade Administration, foreign air arrivals to the US fell by 2.5% through April compared with the same period last year, with a notable 10% drop in March following the announcement of tariffs targeting Canada, China and Mexico. Canada, the top source of international visitors to the US, has seen a 15% decline in cross-border travel in April alone. Major European airlines have begun reducing flights to key US cities, including New York, Miami, and Las Vegas. Spending by international tourists is projected to decrease by 7% in 2025, marking the first drop since the pandemic recovery began. The World Travel & Tourism Council warns that the US is the only major global destination expected to record a fall in tourism revenue this year, with earnings from foreign visitors falling below $169 billion. The council does not expect US tourism spending to return to pre-Covid-19 levels before 2030. At least 12 countries have issued travel advisories urging caution when visiting the United States. Nations such as Canada, Germany, France, and the UK have warned their citizens about the risk of detention, denial of entry, or the seizure of personal devices. LGBTQ+ travellers have also been cautioned by governments including Ireland and the Netherlands following US policy changes affecting gender recognition. As a result, many tourists are choosing alternative destinations. Tourism Economics reports that global flight bookings to the US from May through July are down 11% compared to 2024. Canadian bookings are off by a third, a drop that could eliminate $6 billion in spending and more than 40,000 US jobs. Countries such as Japan and Vietnam are emerging as winners in the redirected tourism flow, with Japan reporting a record number of monthly visitors. Among the 20 US cities most dependent on international tourism, 18 are forecast to suffer declines in foreign visitor spending. Detroit, Seattle and Tampa are expected to see the sharpest drops, with losses also predicted in cities like Philadelphia and Phoenix. Only Honolulu and New York are forecast to avoid major downturns, though New York officials expect a 17% decrease in overseas tourism compared to 2024. Corporate travel is also under pressure. A survey by the Global Business Travel Association found that nearly one-third of travel managers expect reduced company spending due to recent US government actions. The number of European business travellers entering the US dropped by 18% in April alone. The association has revised its 2025 forecast downward, anticipating a 5% decline in corporate travel expenditure. Meanwhile, fewer Americans are planning trips abroad. Only 18% expect to travel overseas within the next six months, down from 24% in December, according to the Conference Board. Rising economic uncertainty is prompting many to scale back or cancel international holidays in favour of domestic alternatives. With shifting global travel patterns and growing international discontent, analysts suggest the US tourism sector faces a prolonged and uncertain recovery. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Trump's policies disrupt global tourism" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Trump's policies disrupt global tourism
The United States is facing a significant decline in international tourism in 2025, with foreign visitor numbers and spending forecast to drop sharply. Analysts link the downturn to a series of policy moves by President Donald Trump, including new travel bans, heightened border scrutiny, and rollbacks on civil rights protections. The World Travel & Tourism Council estimates that these developments could cost the US economy $12.5 billion this year, deepening the trade deficit as inbound tourism is considered an export. According to the US International Trade Administration, foreign air arrivals to the US fell by 2.5% through April compared with the same period last year, with a notable 10% drop in March following the announcement of tariffs targeting Canada, China and Mexico. Canada, the top source of international visitors to the US, has seen a 15% decline in cross-border travel in April alone. Major European airlines have begun reducing flights to key US cities, including New York, Miami, and Las Vegas. Spending by international tourists is projected to decrease by 7% in 2025, marking the first drop since the pandemic recovery began. The World Travel & Tourism Council warns that the US is the only major global destination expected to record a fall in tourism revenue this year, with earnings from foreign visitors falling below $169 billion. The council does not expect US tourism spending to return to pre-Covid-19 levels before 2030. At least 12 countries have issued travel advisories urging caution when visiting the United States. Nations such as Canada, Germany, France, and the UK have warned their citizens about the risk of detention, denial of entry, or the seizure of personal devices. LGBTQ+ travellers have also been cautioned by governments including Ireland and the Netherlands following US policy changes affecting gender recognition. As a result, many tourists are choosing alternative destinations. Tourism Economics reports that global flight bookings to the US from May through July are down 11% compared to 2024. Canadian bookings are off by a third, a drop that could eliminate $6 billion in spending and more than 40,000 US jobs. Countries such as Japan and Vietnam are emerging as winners in the redirected tourism flow, with Japan reporting a record number of monthly visitors. Among the 20 US cities most dependent on international tourism, 18 are forecast to suffer declines in foreign visitor spending. Detroit, Seattle and Tampa are expected to see the sharpest drops, with losses also predicted in cities like Philadelphia and Phoenix. Only Honolulu and New York are forecast to avoid major downturns, though New York officials expect a 17% decrease in overseas tourism compared to 2024. Corporate travel is also under pressure. A survey by the Global Business Travel Association found that nearly one-third of travel managers expect reduced company spending due to recent US government actions. The number of European business travellers entering the US dropped by 18% in April alone. The association has revised its 2025 forecast downward, anticipating a 5% decline in corporate travel expenditure. Meanwhile, fewer Americans are planning trips abroad. Only 18% expect to travel overseas within the next six months, down from 24% in December, according to the Conference Board. Rising economic uncertainty is prompting many to scale back or cancel international holidays in favour of domestic alternatives. With shifting global travel patterns and growing international discontent, analysts suggest the US tourism sector faces a prolonged and uncertain recovery. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "Trump's policies disrupt global tourism" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Hi Dubai
09-06-2025
- Business
- Hi Dubai
Middle East Travel Spending to Hit $350bn by 2030 as Tourism Grows 50%
Travel spending in the Middle East is set to soar 50% by 2030, reaching nearly $350 billion, according to the ATM Travel Trends Report 2025 released by Arabian Travel Market in partnership with Tourism Economics. Driven by robust inbound tourism, expanding luxury and business travel, and mounting investment in sports and entertainment, the region is projected to outpace global travel growth. Inbound travel is expected to grow 13% annually through 2030, with Asia, Africa, the UK, and India emerging as key source markets. 'Travel growth in the Middle East is incredibly strong, with annual growth averaging more than 7 per cent through 2030,' said Danielle Curtis, exhibition director ME at Arabian Travel Market. She pointed to national visions, major development projects, and enhanced connectivity as central to this rise. By the end of 2024, regional travel spending is forecast to surpass pre-pandemic levels by 54%. Business travel, in particular, is growing at 1.5 times the global rate, positioning the Middle East as the world's second-fastest-growing region for corporate tourism. Aviation and hospitality are also playing pivotal roles. Regional carriers—Emirates, Etihad, Qatar Airways, and Saudia—have collectively placed orders for nearly 780 aircraft, underscoring long-term ambitions to cement the region's status as a global aviation hub. Luxury tourism continues to thrive, with nearly 60% of visitors opting for high-end experiences—far above the global average. Abu Dhabi, Dubai, and Saudi Arabia's giga projects are at the forefront of this trend. Sports tourism is emerging as another powerful growth engine. With the 2022 FIFA World Cup and Dubai Expo setting the stage, the sector is expected to grow 63% by 2030, boosted by events like Saudi Arabia's upcoming 2034 FIFA World Cup and increasing investment in motorsports, golf, and esports. News Source: Gulf Businesss
Biz Bahrain
09-06-2025
- Business
- Biz Bahrain
Tourism spending in the Middle East is projected to reach $350bln by 2030, according to a new travel industry report
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.
