According to recent research by the World Travel & Tourism Council, business travel expenditure in the Middle East is expected to climb by 32% this year after increasing by 49% in 2021.
The Arabian Travel Market (ATM), will focus on the corporate travel sector in many conference sessions during this year’s event starting on May 9th to 12th. To further strengthen the sentiment that travel will increase in 2022 the Exhibition Director of the Middle East, 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 ease travel restrictions, despite the disruption caused by the outbreak of the Omicron variant”.
Business expenditure surpassed leisure travel spending by 13%, 10%, and 1% in the Middle East, Europe, and Africa, respectively, in 2021.
In terms of business travel expenditure in 2021, the WTTC research, co-authored with McKinsey & Company, rated the Middle East area as leading in travel expenditure, with a 49% growth, followed by Europe and Africa (36%), Asia Pacific (32%), and the Americas (14%).
In 2022, Asia Pacific will account for 41% of total expenditure increase, followed by the Americas (35%), the Middle East (32%), Europe (28%), and Africa (23%).
The Global Business Travel Association (GBTA) will be joined by industry experts on the event’s Global Stage to present two sessions titled ‘The Future of Business Travel’ and ‘Building a Sustainable Business Travel Programme’.
The Arabian Travel Market, currently in its 29th year, will be held in the Dubai World Trade Centre.