Indian visitors to add 10.8 million hotel room nights to GCC by 2022

danielle-curtis-JPG-220x165The number of Indian visitors travelling to the GCC over the coming five years will create an extra 10.8 million room nights, according to data published ahead of Arabian Travel Market 2019 (ATM), which takes place at Dubai World Trade Centre from April 28, 2019 to May 1, 2019. The latest research published by Colliers International predicts around nine million Indians will travel to the GCC by 2022 – 37 per cent of India’s total outbound market – with business, place of work and leisure underpinning this demand. Indian outbound will account for 22.5 million worldwide tourists in 2018, with reports from UNWTO estimating this figure will increase by 122 per cent to reach over 50 million by 2022. Adding to this, Indian tourists are among the world’s highest spenders per visit made abroad, with visitor spend expected to increase from US$23 billion in 2018 to US$45 billion by 2022.
Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said, “Despite recent weak rupee exchange rates, which have seen the rupee lose around 14 per cent 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 per cent over the last seven years. 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 7 per cent 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. We are witnessing this growth first hand with Indian visitors to ATM increasing 27 per cent YoY between 2017 and 2018.” In 2017, the UAE welcomed 2.3 million Indian tourists, accounting for 13 per cent of its total annual visitors, with this figure expected to increase at a Compound Annual Growth Rate (CAGR) of 7 per cent to 2022. India retained top spot on Dubai’s list of source markets for inbound tourism, with over 1 million Indian tourists arriving in the emirate during the first half of 2018, registering a 3 per cent rise over the same period in 2017. Relaxed visa restrictions and the introduction of a free two-day transit visa have contributed to this growth. According to ATM’s official research partner, Colliers International, Saudi Arabia will also experience a comparative growth of 7 per cent, while the remaining GCC countries – Oman, Kuwait and Bahrain will all witness an increase of 6 per cent between 2018 and 2022.