Luxury travel registers strongest growth of all travel by 48%

The global luxury travel sector has shown the strongest growth amongst all tourism and travel sectors, growing by 48% over a 5-year period according to a special study of the World Travel Monitor conducted by IPK International. 

Sidh N C, director, QnA International.
Sidh N C, director, QnA International.

In comparison all other travel and tourism grew by 24% during the same time period. Outbound travel forms a huge component of the luxury travel sector.

The fastest growing outbound market in 2015 was the Middle East, registering a 9% growth.

The upcoming 4th annual MICE Arabia Congress, organised by QnA International, luxury travel, MICE and business travel from the Middle East are key hot topics.

The schedule of topics at the MICE Arabia Congress 2016 will be in line with local, regional and global trends and challenges in the MICE and luxury travel sectors.

Speaking on particular preferences amongst Middle East outbound travellers, Freddy Farid, area general manager, Gloria Hotels & Resorts, said: “Luxury travellers from the Middle East region seek bespoke services, from culinary excellence to state-of-the-art technology, and spacious accommodation located within strategic locations in the city.”

Gloria Hotels & Resorts is also a sponsor and participant at the 4th annual MICE Arabia Congress.

Reflecting confidence in the luxury travel sector, Mikhail Tyurin, executive director, Maikhao Dream Hotel & Resorts, said that the luxury travel segment “is more resilient compared to the mass tourism market and is able to sustain growth while other segments stall”.

Maikhao Dream Hotel & Resorts is a sponsor and participant at the 4th annual MICE Arabia Congress.

“With luxury and MICE travel from the GCC increasing at an incredibly fast pace, the MICE Arabia Congress will provide a perfect platform for suppliers to network with and meet premium MICE and luxury travel representatives,’’ asserted Sidh N C, director, QnA International on the relevance of the MICE Arabia Congress.

The 4th annual MICE Arabia Congress will be held at the Palazzo Versace, Dubai from 1 to 2 March 2016.


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