Corporate travel spend in Middle East to rise 32% in 2022

The submit Corporate shuttle spend in Middle East to upward push 32% in 2022 seemed first on TD (Travel Daily Media) Travel Daily.

Business shuttle expenditure within the Middle East is forecast to upward push by way of 32% this yr, following a predicted 49% build up right through 2021, stated organisers of the approaching Arabian Travel Market (ATM) in Dubai, bringing up a World Travel & Tourism Council (WTTC) document. ATM will happen at Dubai World Trade Centre (DWTC) from May 9-12.

Danielle Curtis, Exhibition Director ME –ATM, stated: “This positive data will provide a welcome boost for business travel and tourism professionals throughout the Middle East region, as economies around the world begin to relax travel restrictions, despite the disruption caused by the outbreak of the Omicron variant.”

“During 2021, the increase in business spending for the full year is expected to have actually outpaced spending on leisure travel by 13%, 10% and 1% in the Middle East, Europe and Africa respectively. Aviation experts speaking at ATM 2021, had expected business travel to lag behind leisure travel, but this estimated increase of 32%, comes on top of a predicted rise during 2021 of 49% which although 2020 was a challenging year, the business travel segment is now clearly accelerating towards pre pandemic levels,” added Curtis.

In phrases of commercial shuttle spending in 2021, the document ranks the Middle East area first with an build up of 49%, adopted by way of Europe and Africa (36%), Asia Pacific (32%) and the Americas (14%). According to the document, the Asia Pacific area will lead the sector in 2022 with enlargement in spending of 41%, adopted by way of the Americas with a 35% build up, the Middle East 32%, Europe on 28% and Africa with a 23% upward push.

“Business travel will also be under the spotlight this year on the ATM Global Stage, where the world’s premier business travel and meetings trade organisation, Global Business Travel Association (GBTA), will discuss its latest business travel content and research, during two main sessions – ‘The future of business travel’ and ‘Building a sustainable business travel programme’,” stated Curtis.

The WTTC document used to be compiled in collaboration with McKinsey & Company referred to as ‘Adapting to Endemic Covid-19: The Outlook for Business Travel’ and attracts on analysis, research and in-depth interviews with shuttle & tourism trade leaders to allow organisations to arrange for company shuttle within the post-pandemic technology.

The document concluded, ‘…our research shows room for optimism with Asia Pacific and the Middle East first off the starting blocks’.

Now in its twenty ninth yr and dealing in collaboration with the Dubai World Trade Centre (DWTC) and Dubai’s Department of Economy and Tourism (DET) – previously the Department of Tourism and Commerce Marketing (DTCM) – ATM display highlights in 2022 will come with, amongst others, vacation spot summits centered at the key supply markets of Saudi Arabia, Russia and India.

One new function this yr will probably be ATM Travel Tech. Previously referred to as Travel Forward, the rebranded and remodeled tournament will function the ATM Travel Tech Stage webhosting seminars, debates and shows together with pitches from finalists within the brand-new ATM Draper-Aladdin Start-up Competition.

The devoted ARIVALDubai@ATM discussion board will quilt present and long run tendencies for excursion operators and points of interest, specializing in rising trade thru advertising, generation, distribution, concept management and executive-level connections.

The submit Corporate shuttle spend in Middle East to upward push 32% in 2022 seemed first on Travel Daily.

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