Researchers have mentioned that it could take as long as three years for tourism spends in the Middle East to recover levels seen in 2019.
Based on recent research, the YouGov survey, commissioned by Reed Exhibitions, the organizer of Arabian Travel Market. The work is supported by forecast analysis carried out by Tourism Economics (TE).
The total contribution of the travel and tourism industry in 2019 accounted for ten percent of the total GDP worldwide, highlighting its importance to the global economy.
“This is very encouraging,” said Danielle Curtis, exhibition director, Middle East, Arabian Travel Market, which will take place in-person at the Dubai World Trade Centre from May 16th-19th.
“In 2020, spending on international leisure travel was only 20 percent of the amount spent a year earlier.
“However, this year, spending compared with 2019, will recover to around half.
“It will increase to 75 percent in 2022 and 95 percent in 2023, until 2024, when spending in this segment will exceed pre-COVID levels by up to ten percent,”