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WTM: UAE warned of five-year drop in tourism spend by Travel and Tour World
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WTM: UAE warned of five-year drop in tourism spend |
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Advertising,Marketing,Publishing
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International arrivals into the UAE will grow over the next five years while the average spend will decline, reveals research which will be presented tomorrow at Reed Travel Exhibition's Arabian Travel Market held in Dubai. Delegates at the WTM Vision Conference – Dubai will see exclusive research, presented by Euromonitor International, which found that arrivals into the UAE will see a compound annual growth rate in excess of 7% per annum over the next five years. But over the same period, average spend per visitor will decline by over 3%.Other destinations in the region show a similar trend, Saudi Arabia will see visitor arrivals grow by 10% a year until 2016, with the average spend declining by around 4% a year.Hotel prices across budget, mid and luxury hotels in the MENA region fell in 2010/11, with budget hotels seeing the biggest drop. MENA was the only region where hotel prices declined.
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