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FINANCIAL NEWS
Mideast outbound travel market spending to reach USD165bn by 2025
15 Mar 2017
(MENAFN) Spending on outbound travel from the Middle East is projected to reach USD165.3bn by 2025, as announced World Travel and Tourism Council.
According to a report issued by the United Nations World Tourism, which revealed a 9 percent growth in the number of outbound travellers from the region in 2015.
Moreover, the increase is being driven by global luxury travellers, which unites conveniently with the launch of International Luxury Travel Market (ILTM) Arabia.
Additionally, ILTM Arabia will target high net-worth travellers from throughout the GCC and wider Middle East area, with buyers from the UAE, KSA and Qatar.
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