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The Center East’s luxurious journey market is evolving quickly, extending past opulent experiences to include heritage, innovation and sustainability. Tourism specialists from across the globe will shine a highlight on the sub-theme of luxurious at Arabian Journey Market (ATM) 2024, which is able to happen from Monday 6 to Thursday 9 Might at Dubai World Commerce Centre (DWTC).

Excessive-spending travellers are prepared to pay further for experiences that don’t detrimentally influence the communities or ecosystems through which they’re positioned, in response to YouGov’s World journey & tourism whitepaper 2023: Luxurious journey post-pandemic. Greater than three-fifths (61%) of UAE residents say they’re prepared to pay a premium for accountable, eco-friendly and sustainable tourism experiences, demonstrating that customers now not see the posh phase as being restricted to indulgence.

With manufacturers corresponding to Kerzner Worldwide’s Atlantis The Palm, Mandarin Oriental Dubai (BVI) Restricted, Jumeirah Worldwide LLC, Air Constitution Service, Hyatt Worldwide, Mayfair Jets, Minor Resort Group, Nirvana Holding, The Main Accommodations of the World and Desert Gate Tourism having already confirmed their attendance, ATM 2024 will welcome a various number of luxurious journey exhibitors from throughout the Center East and past. The exhibition will present a super discussion board for attendees from each nook of the globe to discover the shifting panorama of luxurious journey, together with future tendencies and improvements, entrepreneurial drivers and alternatives for development.

Danielle Curtis, Exhibition Director, Arabian Journey Market, stated: “By incorporating luxurious journey as a sub-theme at ATM 2024, we’re aligning our occasion with the way forward for journey. This phase will act as a lens by which we will view not solely extravagant experiences but in addition eco-conscious selections, cultural preservation, and cutting-edge applied sciences. ATM embodies a imaginative and prescient the place indulgence harmonises with ethics, setting a brand new normal for the journey business.”

The worth of the worldwide luxurious journey sector stood at an estimated $1.28 trillion in 2022, in response to figures from Grand View Analysis. The market is predicted to witness a compound annual development charge (CAGR) of seven.7% through the interval 2023-30. This upward pattern is mirrored within the Center East, the place nearly all of respondents from each the UAE (74%) and KSA (69%) informed researchers from Marriott Bonvoy that they had been planning to spend extra on their holidays in 2023 in comparison with earlier years.

Innovation can also be appearing as a serious driver throughout the luxurious journey phase. Applied sciences corresponding to digital actuality (VR) and augmented actuality (AR) are revolutionising the way in which guests preview locations, motels and actions earlier than reserving, whereas synthetic intelligence (AI) and massive knowledge are facilitating more and more personalised suggestions, tailor-made experiences and anticipatory companies for high-net-worth travellers.

“The Center East has maintained and strengthened its fame as a worldwide hub for luxurious tourism and journey over the previous 12 months,” Curtis added. “It has been thrilling to see this phase evolve all through the area as nationwide leaders have continued to put money into the event of luxurious tourism infrastructure in a bid to drive financial diversification. ATM 2024 will present an setting through which to look at these tendencies in better element, and I can not wait to listen to what priceless insights delegates have to supply.”

According to its theme, ‘Empowering Innovation: Remodeling Journey By Entrepreneurship’, the 31st version of ATM will as soon as once more host policymakers, business leaders and journey professionals from throughout the Center East and past, encouraging them to forge new relationships, alternate data and determine improvements that may reshape the way forward for international journey and tourism. From startups to established manufacturers, the upcoming present will spotlight how innovators improve buyer experiences, drive efficiencies, and speed up progress in direction of a net-zero future for the business.

Constructing on ATM 2023’s ‘Working In direction of Web Zero’ theme, environmentally accountable journey will characterize one other key focus subsequent 12 months. Knowledgeable by the UAE’s Yr of Sustainability and the 2023 United Nations Local weather Change Convention (COP28), which is able to happen in Dubai from tomorrow 30 November, ATM 2024 will discover how innovation may be leveraged to assist obtain the UN Sustainable Growth Targets (SDGs), making a greener journey and tourism sector for future generations.

Greater than 40,000 journey commerce professionals, together with 30,000 guests, attended the 30th version of ATM in Might 2023, setting a brand new present document. The exhibition attracted greater than 2,100 exhibitors and representatives from over 155 nations, offering a worldwide platform for unveiling ATM’s net-zero pledge.

Held at the side of Dubai World Commerce Centre, ATM 2024’s strategic companions embody Dubai’s Division of Financial system and Tourism (DET), Vacation spot Companion; Emirates, Official Airline Companion; IHG Accommodations & Resorts, Official Resort Companion; and Al Rais Journey, Official DMC Companion.

 

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