ATM summit to focus on post-Covid project financing

ATM summit to focus on post-Covid project financing


The publish ATM summit to focus on post-Covid project financing appeared first on TD (Travel Daily Media) Travel Daily.

The ITIC-ATM Middle East Summit on the Arabian Travel Market (ATM) 2022 going down at Dubai World Trade Centre (DWTC) from May 9 to 12 will shine a highlight on entry to project finance within the post-Covid period. Hosted collectively by ATM and the International Tourism & Investment Conference (ITIC), this 12 months’s summit shall be held on May 10 and can function trade specialists who will focus on the Middle East as a monetary hub for future worldwide tourism funding.

According to evaluation from BNC Network, lodge contracts value $4.5 billion are anticipated to be awarded within the GCC throughout 2022, representing year-on-year development of 16 p.c.

The UAE generated the best worth of cumulative hospitality-related contracts within the GCC final 12 months, adopted by Saudi Arabia. The mixed worth of UAE and KSA tasks accounted for greater than 90 p.c of all hospitality contracts awarded within the area throughout 2021, in accordance to the analysis.

On a regional degree, knowledge launched by STR reveals that greater than 169,000 pipeline rooms are at the moment beneath contract throughout the Middle East, the three most energetic cities being Dubai, Makkah and Doha, respectively.

This 12 months’s ITIC-ATM Middle East Summit due to this fact represents a well timed alternative for journey and tourism professionals to discover regional funding alternatives, uncover new modes of financing and community with friends from world wide.

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

The publish ATM summit to focus on post-Covid project financing appeared first on Travel Daily.



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