Arabian Travel Market 2020 (ATM), which is set to take place at Dubai World Trade Centre from April 19 to April 22, 2020, has announced a series of buyer forums and networking events to highlight tourism opportunities from leading source markets for middle east destinations. The top source markets include India, Saudi Arabia, China and Russia. Through these initiatives, the “GCC travel and tourism companies and destinations look to attract a larger share from these major source markets.”
As a part of these networking sessions, ATM will invite 150 hosted buyers from India, China, Russia and the middle east. In addition to this, they will also be partnering with CBN Travel and MICE to bring 84 more new buyers from China.
Danielle Curtis, exhibition director middle east, Arabian Travel Market (ATM) said, “Identifying the key players in the top source markets, along with current and emerging industry trends are two of the most valuable insights ATM has to offer. Therefore, the 2020 edition will continue to follow that successful model with a packed agenda, including new forums and networking opportunities as well as an engaging seminar programme.”
A research by Colliers International, in collaboration with ATM, states that the number of Indian visitors travelling to the UAE is expected to increase at a compound annual growth rate (CAGR) of 7 per cent to 3.01 million by 2023, while arrivals from Saudi Arabia will witness an increase of 2 per cent to 1.76 million during the same time.
The study also indicates an above average annual growth rate for both Russian and Chinese arrivals to the UAE, with the number of Russian tourists expected to increase at a CAGR of 12 per cent to 1.6 million and Chinese tourists estimated to increase at a CAGR of 8 per cent to 1.27 million by 2023.