The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the sector’s contribution to Egypt’s GDP grew almost 24% last year to reach a record E£953BN – nearly 21% ahead of the previous peak. The data also shows that across sector jobs, international and domestic visitor spending, the sector fully recovered last year to reach record-breaking levels. Domestic visitor spending grew almost 9% year-on-year to reach more than E£328.5BN, while spending by international visitors saw a strong 38.5% year-on-year growth last year, to reach E£470.4BN. Jobs supported by the sector grew almost 10% to reach more than 2.5MN, representing one in 12 jobs across Egypt. Although this is strong recovery, it continues to lag previous record job numbers for the sector, set 15 years ago in 2008, when job numbers reached 3.7MN. Julia Simpson, WTTC President & CEO, said; “Egypt’s Travel & Tourism sector has made an extraordinary recovery, surging past previous records, highlighting the sector’s resilience and its vital role in Egypt’s economy. “The Egyptian Government recognises the value of Travel & Tourism to the Egyptian economy and jobs, placing it at the forefront of the agenda, with a real focus on investment.” This year, the sector’s GDP contribution is forecast to reach almost E£988BN, accounting for 8.1% of Egypt’s economy. International visitor spending is anticipated to grow 6.2% to reach just under E£500BN this year, with domestic visitor spending expected to reach over E£340BN. Sector jobs are projected to grow 5.7% to reach 2.67MN, to account for almost one in 11 jobs in Egypt, although still below the previous peak.With the right government support, WTTC is forecasting that the sector could grow its annual GDP contribution to E£1.57TN by 2034, representing …
Read More »Conrad Dubai named official hospitality partner for Arabian Travel Awards
The Arabian Travel Awards, now in its seventh year, has announced Conrad Dubai as its official hospitality partner. The prestigious event, known for recognizing excellence in the travel and tourism industry, is set to take place on Tuesday, November 12th, at the Conrad Dubai. Michael Schmitt, General Manager of Conrad Dubai, expressed his enthusiasm, saying, “ I’m thrilled to partner with the Arabian Travel Awards. This event attracts the top leaders in the travel industry; it’s a perfect platform to showcase our unwavering commitment to providing exceptional experiences that reflect Dubai’s dynamic spirit.” Schmitt highlighted the strategic importance of the partnership, noting that it offers a unique opportunity to connect with key industry players, forge new partnerships, and solidify existing relationships. “By being a part of this event, Conrad Dubai contributes to promoting Dubai and the wider Arabian region as a premier travel destination. Bringing industry leaders together fosters collaboration and knowledge sharing. This aligns perfectly with Conrad Dubai’s mission of redefining what luxury hospitality means in this ever-evolving region and aligns perfectly with Conrad Hilton’s founding philosophy ‘to fill the earth with the light and warmth of hospitality,’” he added. SanJeet, Director, DDP Group, also shared his excitement about the collaboration, stating, “We are very happy to welcome onboard our hospitality partner Conrad Dubai for the seventh edition of the Arabian Travel Awards. Our awards have been evolving over the years to recognize the untiring efforts of the industry experts. In today’s travel, tourism, and hospitality landscape, there are many changes and new trends that have emerged. Applications are now open to vote for those in the industry who have been at the forefront of promoting and working to …
Read More »Oman’s travel and tourism sector to contribute over OMR 3.3BN in 2024 to GDP
The global tourism body is forecasting that the sector will grow its GDP contribution to more than OMR 3.3BN in 2024, 7.6% of the country’s economy, and is projected to employ more than 206,000 people across the country, with one in fourteen people working in the sector. Domestic visitor spending is predicted to continue growing, to reach OMR 1.5BN, beating the 2019 level by just over 8%. Although international visitor spending is forecast to still be behind 2019 levels by OMR 142.3MN, it is expected to continue growing through 2024. The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) unveiled a promising future for Oman’s Travel & Tourism sector. With strong government support and strategic initiatives, the sector is poised to not only recover but to reach unprecedented heights this year. According to the global tourism body’s latest research, in 2023 the Travel & Tourism sector’s GDP contribution surged by almost 35%, totalling OMR 2.8BN, and is on track to surpass previous records. The sector witnessed a robust job growth of 15%, now employing 191,500 individuals nationwide. Last year, international visitors injected OMR 1.1BN into the economy, a remarkable 69% increase from 2022, while spending by domestic travellers rebounded to OMR 1.4BN. Oman’s status as a top tourist destination in the Middle East is clearer than ever, thanks to strategic government investment and support. These efforts are not only rejuvenating the economy but are also setting the stage for further increases in international travel spending and overall economic contribution from the sector. Julia Simpson, WTTC President & CEO, said; “Oman’s Travel & Tourism sector is on the cusp of an historic revival in 2024. “The Oman Government is a strong support of Travel …
Read More »GCC travellers have multiple options from Jamaica
The Jamaica Tourist Board has ambitious tourism plans, focused on expanding its reach in the GCC market. Recognizing the growing interest in Caribbean travel among GCC residents, the JTB is actively investing in targeted developing and growing the market to increase visitation figures. Travelers from the GCC can easily reach Jamaica through convenient flight connections via major airlines linking through the United Kingdom, the United States of America, and Canada. This connectivity provides seamless travel options for citizens and residents of the GCC looking to experience the beauty and culture of Jamaica. The residents of the Gulf Cooperation Council (GCC) countries are renowned as some of the most well-traveled individuals globally, constantly seeking new destinations and experiences fueled by their healthy disposable income. Their adventurous spirit and eagerness to explore make them ideal candidates to appreciate Jamaica’s allure. Passengers from the United Arab Emirates (UAE) have several airline choices for flights to its main airports in Montego Bay and Kingston. Emirates, Etihad Airways, British Airways, and Air Canada offer routes with convenient connections. Qatar Airways also provides suitable connections to major US airports such as New York, Miami, and Chicago, offering additional options for travelers from the GCC region. Other GCC countries can access Jamaica via connections through the UAE, enhancing accessibility to the island. “As part of our strategic vision, the Jamaica Tourist Board is committed to investing in the GCC market and enhancing awareness of Jamaica’s attractions among travelers in this region,” said Hon. Edmund Bartlett, Minister of Tourism of Jamaica. “We believe there is immense potential for increased visitation from the GCC.” “Jamaica is an ideal destination for citizens and residents of the GCC countries seeking a …
Read More »AI set to shape the future of travel & tourism: WTTC
New reports from the World Travel & Tourism Council (WTTC) and Microsoft highlights the transformative power of Artificial Intelligence (AI) and its role in shaping the future of Travel & Tourism. The final two reports of a series on Artificial Intelligence from WTTC entitled “Responsible Artificial Intelligence (AI): Overview of AI Risks, Safety & Governance” and “Artificial Intelligence (AI): Global Strategies, Policies & Regulations,” underscore a commitment to a digital future that prioritises safety, ethical considerations, and responsible AI adoption. Launched during the global tourism body’s participation at the UN General Assembly in New York, these reports mark significant milestones in WTTC’s mission to promote innovation and excellence in customer experiences through the safe and trustworthy integration of AI. “Responsible Artificial Intelligence (AI)” delves into the potential risks associated with AI deployment and offers strategies for establishing frameworks that promote transparency, accountability, and fairness. From addressing bias and discrimination to ensuring human oversight of AI systems, this report empowers organisations to harness the power of AI responsibly. In the fourth and final instalment, “Artificial Intelligence (AI): Global Strategies, Policies & Regulations,” WTTC provides a detailed overview of the AI ecosystem across key countries and international organisations. It shows how policymakers are navigating the AI landscape and shaping regulations and strategies to foster AI innovation, while ensuring its ethical and responsible use. Julia Simpson, WTTC President & CEO, said: “In a rapidly evolving landscape, AI emerges as a catalyst for positive change. The insights provided in these reports demonstrate that AI is not just a technological advancement; it is a strategic tool that can personalise customer experiences, drive sustainable improvements, and shape the future of Travel & Tourism. “AI is already being used across our …
Read More »Global GDP impact predicted to exceed $11 trillion in 2024, travel & tourism set to break all records in 2024, reveals WTTC
The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for travel & tourism in 2024, with the sector’s global economic contribution set to reach an all-time high of $11.1 trillion. According to the global tourism body’s 2024 Economic Impact Research (EIR), Travel & Tourism will contribute an additional $770BN over its previous record, stamping its authority as a global economic powerhouse, generating one in every 10 dollars worldwide.As the global sector soars past its pre-pandemic prosperity, WTTC expects 142 countries of 185 analysed will be outperforming previous national records. In partnership with Oxford Economic, WTTC’s latest EIR showcases a sector briming with opportunities, underpinning almost 348MN jobs globally. This represents an increase of more than 13.6MN jobs compared to its highest point in 2019. International visitor spending is expected to come within touching distance of the 2019 peak, to reach $1.89TN, while domestic tourists are forecast to spend more than in any year on record to hit $5.4TN. A look back on last year Despite economic uncertainties and geopolitical shake-ups, the Travel & Tourism sector is thriving. With an economic injection of nearly $10TN, the sector matched its pre-pandemic zenith, flexing its resilience and proving its critical role in the global economy. Representing 9.1% of global GDP at just over $9.9TN in 2023, Travel & Tourism’s financial footprint was the largest it’s been since the golden year of travel in 2019, trailing its peak by a mere 4%. The sector also bolstered its workforce by an additional 27.4MN, propelling the total to nearly 330MN jobs worldwide. International spending increased by 33.1% to reach $1.63TN, underscoring a vibrant comeback story for many countries around the world, with domestic …
Read More »AI to help hospitality and travel industry: Mona Faraj
AI and technology seem to make waves in the industry, speaking at the recently concluded TTME’s International Women’s Day celebrations, Mona Faraj Managing Director – HSMAI ME, CEO – ExploreTECH and Founder of Insight Out Consultancy shared the importance of technology and how it makes our work more efficient. A question she asked the audience was “how many of you came without using the google maps to the venue” to which she answered that a few years ago there may have been only a few hands but today in order to make our journey smoother we use the maps. “AI is there to make us better people, that’s what its all about and that’s my opinion. I think hospitality and travel industry, we are typically slow adopters of technology. Airline does it way before us and so does other industries but when it comes to hospitality and travel we are slow adopters. Yes, we are all about the human interaction and we are all about being hospitable as a human but AI or technology in general is there to make us spend our time on serving the guest versus doing all the transactional, time consuming activities that we do day in day out. Did anyone come here without using google maps? If we would have asked this question 15 or 20 years ago a few hands would have gone up.” She further reiterated that a recent article shared that even the watch industry is transforming so AI is moving in the same way but faster than we adopted to internet of things. She opined that in hospitality and travel there are so many technology providers that can help in different …
Read More »dnata partners with Batik Air to support enhanced travel between the UAE and Malaysia
dnata has partnered with Malaysia-based Batik Air, formerly known as Malindo Air, to bolster the airline’s newly launched route between Dubai and Kuala Lumpur. Batik Air began operating four weekly services from Dubai to Malaysia’s capital city in November 2023. This marked the airline’s second route launch in the Middle East this year, following its successful introduction of flights between Jeddah (KSA) and Kuala Lumpur in August. dnata Representation Services will act as the airline’s general sales agent (GSA) in the UAE, providing a comprehensive range of travel services and local infrastructure for sales, marketing, and distribution support. Drawing interest from UAE-based travellers, Batik Air has introduced attractive fares starting at AED 1,299 for Economy Class and AED 3,499 for Business Class return flights. Simon Woodford, Vice President Global Air Services at dnata Travel Group, commented: “The reopening of Asia has sparked a rising trend in travel from the UAE, with a growing number of people seeking to explore the diverse landscapes and cultures of the continent. In Malaysia, cosmopolitan Kuala Lumpur and the beautiful coastlines beyond – including Langkawi – are increasingly popular. We are delighted to support Batik Air locally, as it opens more options for travel between the UAE and Malaysia.” Datuk Chandran Rama Muthy, Group Strategy Director of Batik Air, added: “Malaysia is rapidly gaining recognition as a vibrant destination, known for its natural beauty, cultural richness, and warm hospitality, with a growing significance for business partnerships and cultural exchanges. With the launch of our direct flights from Dubai to Kuala Lumpur, travellers now have easier access to explore the country. Whether planning a leisurely getaway, a family vacation, or an important business trip, our affordable …
Read More »Exploring Paradise: Discovering the Maldives’ Iconic Atolls this Festive Season
From Baa to Ari, Unveil the Beauty of Maldivian Atolls – Unwrap the Gift of Maldivian atolls and Venture into Paradise During the Holiday Season. December in the Maldives is a time of pure delight with its powder-soft white sand beaches and crystal-clear waters. With the northeast monsoon ushering in dry, sunny days, it’s the perfect season for exploration. Expect to encounter vibrant marine life, crystal-clear waters, and sunny skies. Before Going To make the most of your Maldivian adventure, here are some travel tips to consider: Book in advance: December is a popular time to visit. Booking your flights, accommodation and activities well in advance is recommended. Check visa requirements: Ensure you have the necessary visa or permits to enter the country. Travel Declaration: Visitors are required to submit this form 96 hours before their flight to and from Maldives. Pack sunscreen and swimwear: Protecting your skin from the tropical sun is paramount, don’t forget your swimwear for all your water adventures. Snorkelling and diving gear: If you have your own gear, consider bringing it along with you. Festive Tips and Things to Do The Maldives offers a treasure trove of experiences that are well loved such as water adventures through snorkelling, scuba diving and windsurfing; delving into Maldivian culture, heritage and local tradition through island exploration; booking wellness escapes to rejuvenate the body and soul at the world-class wellness centres; basking in the Maldivian twilight with cruises and savouring the culinary gems of Maldives with its fresh seafood and aromatic spices. For this season, enhance your Maldivian experience with a variety of offers from the many world-class properties nestled in this mesmerising country. Banyan Tree Vabbinfaru and Dhawa …
Read More »UAE and France to develop economic partnerships in new economy, tourism, aviation & entrepreneurship
An official UAE delegation led by H.E. Abdulla bin Touq Al Marri, Minister of Economy, will be in France this week to explore further development of economic partnerships between the two countries. The visit will focus on enhancing partnerships in the sectors of trade, entrepreneurship, tourism, aviation, travel, new and circular economies, education, health, energy, anti-money laundering, space, AI, and intellectual property in particular. H.E. Bin Touq will hold several bilateral meetings with French ministers, officials, and private sector representatives to further enhance the economic and trade relations between the two sides by exploring more promising investment opportunities. The Minister of Economy will also participate in a meeting with the private sector, which will also be attended by several officials from both sides, to highlight the promising investment and commercial opportunities offered by the UAE economy. It will turn the spotlight on the advantages that the UAE’s business environment offers to investors and entrepreneurs, especially since French investments in the UAE continue to grow. More than 12,500 French economic licenses are active in the UAE as of July 10, 2023. H.E. Bin Touq will visit some of the largest business incubators and accelerators in France, namely ‘Station F’ and the ‘Airbus’ Creative Center to exchange experiences and best practices in entrepreneurship, startups and technology, and to learn more about their operations. In addition, he will visit the First Abu Dhabi Bank branch in France.
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