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Regional outbound spend to touch US$110 billion by 2025

The MICE Arabia and Luxury Travel Congress which is scheduled to take place from 27-28 February 2018 have put the spotlight on the tremendous potential of the Middle East outbound travel market.

The sixth edition will highlight the growing outbound business and luxury travel from the Middle East, which has increased at an annual rate of 4.9% from 2012 to 2016. Figures released by VISA estimated that the MENA region will see the number of annual outbound trips rise from 42 million in 2016 to 65 mn by 2025. According to a Credit Suisse report, GCC nationals spend 260% more on airfare than other nationalities, with up to 60% purchasing business tickets. They also spend an average of 430% more on accommodation and 558% more on dining.

Travel demand in the region is underpinned by lucrative GCC business and luxury travel buyers. A major trend seen in outbound MICE and luxury travel from the Middle East is the shift towards unique experiences be it cultural, historical or natural. Exclusivity and high-quality standards remain top of the agenda too. Hence, experiential travel will be a key theme at the 2018 event.

Sidh NC, Director – Conferences, QNA International said: “We intend on raising the bar further in our 2018 edition. We have introduced Six ‘WOW’ elements that make it special, From Focus on ‘Experiential Travelers’ from GCC, 100% carefully sifted ME buyers, spotlight on ‘Business & Luxury Travel’ to the who’s who of event management and regional MICE success stories and activities.”

The congress will witness keen participation from hoteliers, destination management companies, concierge services, team building companies, tourism boards and other suppliers of varied categories.