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Tuesday, 13 November, 2018, 11 : 15 AM [IST]

37% of India’s outbound market will travel to GCC by 2022


As per the reports by WAM, the number of Indian visitors travelling to the Gulf Cooperation Council (GCC) over the coming five years will need to book an extra 10.8 million hotel room nights, according to data published ahead of the Arabian Travel Market, ATM 2019, which takes place at the Dubai World Trade Centre from April 28 to May 1.

The latest research, published by Colliers International, predicts some nine million Indians will travel to the GCC by 2022 – 37% of India’s total outbound market – with business, place of work and leisure underpinning this demand.

Indian outbound tourists will account for 22.5 million worldwide tourists in 2018, with reports from the UNWTO estimating this figure will increase by 122% to reach over 50 million by 2022.

Adding to this study, Indian tourists are among the world’s highest spenders per visit abroad, with visitor spending expected to increase from US$23 billion in 2018 to US$45 billion by 2022.

Regarding Indian tourism, Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said, "Despite recent weak Rupee exchange rates, which have seen the Rupee lose around 14 % of its value against the US dollar over the last 12 months, the Indian outbound market has continued to grow at an average annual growth rate of 10%-12% over the last seven years."

"The GCC has benefited from this trend with Indian travellers’ willingness and ability to spend on outbound travel, supported by the country’s pace-setting seven percent GDP growth and a new generation of leisure attractions in the GCC, as well as increased business opportunities and relaxed visa regulations for Indian nationals," he explained.

(Source:WAM)

 
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