Tag Archives: 2030

TOURISE, the bold global platform shaping a new horizon for tourism, announced that it has catalyzed investment portfolios totaling USD 113BN at the inaugural Summit in Riyadh. The milestone reflects TOURISE’s mission to unlock high‑value deal flow by convening public and private sector leaders across tourism, technology, investment, and sustainability to set a shared roadmap for the next 50 years of global tourism. The announced portfolio investments span the full breadth of the visitor economy: luxury retail, next‑generation hotel accommodation, large‑scale integrated, experience‑led developments, wellness, destination and lifestyle offerings, talent development, and AI‑powered platforms. Collectively, these commitments set a new standard for what’s possible, and what’s required, to meet future tourism needs and redesign the traveler journey. Just some of the international and local companies who announced their portfolios as part of the USD 113BN include: Melia Hotels, BWH Hotels, GOCO Hospitality, Cenomi, Radisson, Earth Hotels, Delonix & Ocean Link, AlFozan Holding, Al Kathiri Holding, Alothaim, and Knowledge Economic City. By combining hard infrastructure with human capital, and fusing data, design, and hospitality, these investments will unlock new value across the tourism ecosystem, create new job opportunities, and deliver unforgettable, purpose‑driven experiences at scale. Above all, many were Saudi focused, cementing the Kingdom’s international competitiveness and desirability as a leading global travel destination, where culture, innovation, and world‑class service come together, and signal to partners and investors that this is where the next era of tourism growth is be built. Investment ushers in the next chapter of the global tourism economy His Excellency Ahmed Al-Khateeb, Minister of Tourism and Chairman of the Board of TOURISE, commented “TOURISE has been the catalyst that brings investors, policymakers, and innovators to the same …

The UAE’s MICE market is forecast to grow to US$9.26 billion by 2030, with a CAGR of 8.96%. The Saudi Arabian market is projected to reach US$5.33 billion by 2030, representing a compound annual growth rate (CAGR) of 10.93%. Together, these markets are expected to drive the Gulf’s emergence as one of the world’s most dynamic business event regions, supported by major tourism development programmes, strong air connectivity and the growing appeal of the Middle East as a platform for global trade and innovation. According to Mordor Intelligence, the region’s meetings, incentives, conference and exhibitions (MICE) industry continues to expand at pace as investment in large-scale venues, infrastructure, and international partnerships accelerates. Building on the success of its inaugural edition, IBTM @ ATM will return to Arabian Travel Market (ATM) in 2026, which takes place at the Dubai World Trade Centre from 4–7 May, with a dedicated business events hub in Hall 3. This expanded space emphasises the show’s strategic focus on the global business events sector and highlights the Middle East’s position as one of the fastest-growing regions for meetings and events worldwide. The ATM Travel Trends Report 2025, produced in partnership with Tourism Economics, also indicates a continued rise in business travel across the Middle East, with the region’s share of global corporate travel spending forecast to increase from 2.5% in 2024 to more than 3% by 2030. This is being supported by the steady recovery of international demand, improved air connectivity and the continued development of business tourism infrastructure. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “The expansion of IBTM @ ATM reflects the strength and ambition of the Middle East’s business events sector. By …