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FINANCIAL NEWS
Mideast’s travel market revenue to hit USD35b in 2017
06 May 2015
(MENAFN) The Middle East travel market is forecast to record further growth, with an estimation of logging a revenue of USD35 billion by the year of 2017, Arabian Business reported.
The market is presently enjoying a value of USD72 billion and the forecast of posting more growth is issued by the Travelport and announced by Arabian Travel Market (ATM) in Dubai.
Travelport said that the market’s revenue from offline sales is set to increase from USD54 billion to USD63 billion by the year of 2018.
“We can see from this new research that the Middle East’s travel industry is buoyant and poised for growth,” the platform’s president and managing director said in a statement.
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