More than 46,000 industry professionals from over 160 countries – including 33,500 visitors – attended the 31st edition of Arabian Travel Market (ATM) which concluded on May 09 in Dubai, UAE.
With the Indian outbound market forecast to be worth USD143.5 billion annually by the end of this decade, the Indian tourism sector will come under the spotlight during Arabian Travel Market (ATM) 2024, which returns to the Dubai World Trade Centre (DWTC) for its 31st edition from May 06-09.
Global travel and tourism sector witnessed the announcement of a total of 723 deals i.e. mergers and acquisitions (M&A), private equity (PE), and venture capital (VC)) during 2023, a decline of 31.9 percent compared to the 1,062 deals announced during 2022, according to GlobalData, a leading data and analytics company.
FITUR 2024, organised by IFEMA MADRID and taking place from January 24-28 at the Trade Fair Centre, is presented as the world's leading trade fair, not only in the field of tourism, but also in the commitment to sustainability and environmental, social and corporate governance responsibility in the industry.
The global travel and tourism industry experienced a notable decline in deal activity during January-August of this year, marking a substantial year-on-year (YoY) decrease of 36.2 percent compared to the same period in 2022.
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) recently shows the travel and tourism sector is closing in on its 2019 peak, recovering by more than 95 percent.
The travel and tourism sector has become a prime focus for cyberattacks in recent times, resulting in ransomware incidents arising from data breaches. Against this backdrop, cybersecurity concerns within the industry have escalated with a four pecent year-on-year (YoY) rise in 2022, reflecting the prevailing sentiment, said GlobalData, a leading data and analytics company.
Saudi Tourism Authority welcomes the Ministry of Tourism’s decision to allow residents of the Gulf Cooperation Council (GCC) countries to apply for an electronic tourist visa (eVisa) to enter Saudi.
of this year compared to the previous month, announced GlobalData. According to the leading data and analytics company’s Financial Deals Database, a total of 73 deals were announced in the global travel and tourism sector during May, which is a growth of 1,4 percent over 72 deals announced in April of this year.
Saudi Arabia moved up 10 places to 33rd in the world overall, in the 2021 World Economic Forum (WEF) Travel and Tourism Development Index, which was recently released.
