Published: November 17, 2018 6:43:02 pm
Indian vacationers are among the world’s highest spenders per go to made overseas, in keeping with a brand new examine. The newest analysis has been revealed by Colliers International, forward of Arabian Travel Market 2019 (ATM), which is slated to happen subsequent yr.
The examine predicts round 9 million Indians will travel to Gulf Cooperation Council (GCC) states by 2022– a 37 % share of India’s complete outbound market — with business, place of business and leisure sustaining this demand, thereby growing their vacationer influx.
Indian outbound vacationers account for 22.5 million worldwide vacationers in 2018 and as per the info from the UN World Tourism Organisation (UNWTO), this determine is predicted to extend by 122 % by 2022. In different phrases, it’s anticipated to attain over 50 million by 2022.
“Despite recent weak rupee exchange rates, which have seen the rupee lose around 14 percent 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 percent over the last seven years,”stated Danielle Curtis, Exhibition Director, Arabian Travel Market advised PTI.
“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,” she added.
India continued to stay within the prime spot on Dubai’s checklist of supply markets for inbound tourism, with over 1,000,000 Indian vacationers arriving within the emirate through the first half of 2018, registering a 3 % rise over the identical interval in 2017. Relaxed visa restrictions and the introduction of a free two-day transit visa is believed to have added to this progress.
“The influx of Indian visitors to the GCC shows no sign of abating, with every reason to believe India will maintain its position as a top source market, moving forward. Supporting this demand, in the UAE alone, there are currently 1,065 weekly flights to India corresponding to 130,000 seats per week,” Curtis stated.
“A rapidly growing younger population combined with a burgeoning middle class – currently representing 350 million of India’s total population – who have an increasing amount of disposable income, provide strong indications that the country will continue to see a steep rise in the number of nationals travelling abroad over the coming years,” he stated.
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