UAE welcomes ATM roadshow

Dubai showcase at ATM 2014
Dubai showcase at ATM 2014

The Arabian Travel Market’s 2015 roadshow series will be held in Dubai today.

This event is part of an eight-city roadshow. As per statistics, the number of confirmed UAE exhibitors includes individual UAE emirate pavilions, currently tallies 152 companies with 19 new exhibitors including Dubai Parks & Resorts, Getabed, Holiday Store Travel, R Hotels Group and Four Seasons Hotels and Resorts.

According to the Q3 2014 Alpen Capital GCC Hospitality Industry Report, in the last 10 years the UAE has emerged as a preferred regional destination for leisure as well as business tourism. Its tourism receipts have increased at a CAGR of 12.4% between 2004 and 2013 and its share of the total GCC receipts increased from 30.2% to 41.4% over the same period.

The country’s hotel pipeline is also set to grow substantially as per the STR Global reporting a total of 144 hotels and resorts in the active pipeline with a planned count of 40,142 rooms.

According to the World Travel & Tourism Council, the UAE will retain its position as a regional tourism leader, with the sector valued at US$ 31.8 billion by end of 2018.

Among the MEED-listed projects under development are the US$ 5.8 bn Mall of the World development; the US$ 9.1 bn Al Habtoor City complex, with St Regis, Westin and W Hotels; and Emaar’s US$ eight bn cultural district. In total the UAE has earmarked 18 museums and cultural initiatives, 88 retail developments, 24 theme parks, 15 sporting venues, 17 convention centres and seven theatres.

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