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ATM summit to focus on post-Covid project financing

The publish ATM summit to concentrate on post-Covid challenge financing gave the impression first on TD (Travel Daily Media) Travel Daily.

The ITIC-ATM Middle East Summit on the Arabian Travel Market (ATM) 2022 happening at Dubai World Trade Centre (DWTC) from May 9 to twelve will shine a focus on get admission to to challenge finance within the post-Covid technology. Hosted collectively via ATM and the International Tourism & Investment Conference (ITIC), this yr’s summit shall be hung on May 10 and can function trade mavens who will speak about the Middle East as a monetary hub for long term international tourism funding.

According to research from BNC Network, resort contracts price $4.5 billion are anticipated to be awarded within the GCC all over 2022, representing year-on-year enlargement of 16 p.c.

The UAE generated the perfect worth of cumulative hospitality-related contracts within the GCC ultimate yr, adopted via Saudi Arabia. The mixed worth of UAE and KSA initiatives accounted for greater than 90 p.c of all hospitality contracts awarded within the area all over 2021, consistent with the analysis.

On a regional degree, information launched via STR presentations that greater than 169,000 pipeline rooms are lately beneath contract around the Middle East, the 3 maximum energetic towns being Dubai, Makkah and Doha, respectively.

This yr’s ITIC-ATM Middle East Summit due to this fact represents a well timed alternative for go back and forth and tourism pros to discover regional funding alternatives, uncover new modes of financing and community with friends from around the globe.

Danielle Curtis, Exhibition Director ME – Arabian Travel Market, stated: “Development within the Middle East is progressing at a fast tempo. Fuelled via bold nationwide tasks comparable to Expo 2020 Dubai, FIFA World Cup Qatar 2022 and Saudi Vision 2030, our area is witnessing important ranges of tourism-related funding, and this development presentations no signal of abating anytime quickly.

The publish ATM summit to concentrate on post-Covid challenge financing gave the impression first on Travel Daily.



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