Tag Archives: ITIC

Industry experts will gather in the UAE to discuss sustainable decision-making and financing during the International Tourism & Investment Conference (ITIC) Middle East Tourism Investment Session at Arabian Travel Market (ATM) 2023, which will take place at Dubai World Trade Centre (DWTC) from Monday 1 to Thursday 4 May. Saudi Arabia is leading the GCC’s tourism development activities with a pipeline of 100,071 hotel rooms, according to data released by STR. Dubai is the region’s second most active market with 27,095 rooms under contract, followed by Qatar (17,145), Oman (10,292), Bahrain (3,452) and Kuwait (1,369). In total, there are 159,424 pipeline rooms under contract in the Gulf at present. Related opportunities and challenges will be placed under the microscope throughout ATM 2023, thanks to a range of panel discussions and events related to industry financing. In addition to the ITIC panels, this year’s show will feature sessions highlighting industry-critical issues such as travel tech investment, the contemporary geopolitical landscape, urban regeneration, future markets, space tourism and more. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “With nearly 160,000 hotel rooms under development across the GCC, this region is undoubtedly a global hotspot for industry investment right now. Thanks to the participation of ITIC and a host of other finance-related sessions, ATM 2023 represents the ideal forum for travel, tourism and hospitality professionals from around the world to explore the latest investment opportunities and novel financing models with some of the biggest names in our sector.” Taking place on day three of ATM 2023, the ‘ITIC Tourism Investment Session: Making Sustainable Decisions’ will feature insights from an array of industry experts. The sessions will begin with a tourism economic outlook …

Industry experts will gather to discuss ‘the Middle East as a financial hub for future worldwide tourism investment’ during the upcoming ITIC-ATM Middle East Summit at Arabian Travel Market (ATM) 2022, which will take place at Dubai World Trade Centre (DWTC) from Monday 9 to Thursday 12 May. Hosted jointly by ATM and the International Tourism & Investment Conference (ITIC), this year’s summit will be held on Tuesday 10 May 2022, shining a spotlight on access to project finance in the post-Covid era. According to analysis from BNC Network, hotel contracts worth US$4.5 billion are expected to be awarded in the GCC during 2022, representing year-on-year growth of 16 percent. The UAE generated the highest value of cumulative hospitality-related contracts in the GCC last year, followed by Saudi Arabia. The combined value of UAE and KSA projects accounted for more than 90 percent of all hospitality contracts awarded in the region during 2021, according to the research. On a regional level, data released by STR shows that more than 169,000 pipeline rooms are currently under contract across the Middle East, the three most active cities being Dubai, Makkah and Doha, respectively. This year’s ITIC-ATM Middle East Summit therefore represents a timely opportunity for travel and tourism professionals to explore regional investment opportunities, discover new modes of financing and network with peers from around the world. Danielle Curtis, Exhibition Director ME – Arabian Travel Market, said: “Development in the Middle East is progressing at a rapid pace. Fuelled by ambitious national initiatives such as Expo 2020 Dubai, FIFA World Cup Qatar 2022 and Saudi Vision 2030, our region is witnessing significant levels of tourism-related investment, and this trend shows no sign …

WTM London and ITIC will come up together to host a tourism investment summit that will help recover businesses and restore travellers’ confidence after the COVID-19 pandemic. The conference aims to explain the financial mechanisms that allow travel companies to recover and rebuild. Investment experts will also give guidelines on how to prepare for any other future global disaster. Dr. Taleb Rifai, Chairman of ITIC and former Secretary-General of UNWTO said, “It is a great honour and a privilege for ITIC to partner with WTM, the greatest and most impactful Tourism Trade Show in the world. It will focus to prepare a comprehensive tourism recovery plan, to rebuild destinations, encourage innovation and investment, and rethink the tourism sector”. Ibrahim Ayoub, Group CEO, MD and Organiser of ITIC said, “We are thrilled to partner with WTM for our third tourism investment conference where Ministers, Policy Makers, Tourism Leaders and Projects Owners will engage with Investors and Private Equity firms to discuss and explore new financial mechanisms and alliances in sustainable investments in the industry and readying for market recovery in the post COVID-19 era”. Simon Press says, “Our virtual event provides us with the opportunity to work closely with the global travel professionals and ensure we can support the industry in recovering, rebuilding and innovating as quickly and efficiently as possible. “WTM Virtual will embrace travel professional’s communities around the globe. We’re very excited to provide to our clients and visitors the opportunity to attend both shows: live and virtual this year”.