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

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

The submit Corporate travel spend in Middle East to rise 32% in 2022 appeared first on TD (Travel Daily Media) Travel Daily.

Business travel expenditure in the Middle East is forecast to rise by 32% this 12 months, following a predicted 49% enhance throughout 2021, stated organisers of the upcoming Arabian Travel Market (ATM) in Dubai, citing a World Travel & Tourism Council (WTTC) report. 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 enterprise travel spending in 2021, the report ranks the Middle East area first with a rise of 49%, adopted by Europe and Africa (36%), Asia Pacific (32%) and the Americas (14%). According to the report, the Asia Pacific area will lead the world in 2022 with progress in spending of 41%, adopted by the Americas with a 35% enhance, the Middle East 32%, Europe on 28% and Africa with a 23% rise.

“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 report was compiled in collaboration with McKinsey & Company referred to as ‘Adapting to Endemic Covid-19: The Outlook for Business Travel’ and attracts on analysis, evaluation and in-depth interviews with travel & tourism enterprise leaders to allow organisations to put together for company travel in the post-pandemic period.

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

Now in its twenty ninth 12 months 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 present highlights in 2022 will embody, amongst others, vacation spot summits centered on the important thing supply markets of Saudi Arabia, Russia and India.

One new characteristic this 12 months will probably be ATM Travel Tech. Previously referred to as Travel Forward, the rebranded and revamped occasion will characteristic the ATM Travel Tech Stage internet hosting seminars, debates and displays together with pitches from finalists in the brand-new ATM Draper-Aladdin Start-up Competition.

The devoted ARIVALDubai@ATM discussion board will cowl present and future tendencies for tour operators and sights, specializing in rising enterprise by means of advertising, know-how, distribution, thought management and executive-level connections.

The submit Corporate travel spend in Middle East to rise 32% in 2022 appeared first on Travel Daily.

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