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.