Arabian Travel Market (ATM), is the leading global event for the Middle East inbound and outbound travel industry for the last 25 years. The event generates more than $2.5 billion of travel industry deals.
The annual business-to-business (B2B) exhibition showcases over 2,800 products and destinations from around the world to over 28,000 buyers and travel trade visitors across four days at the Dubai International Convention and Exhibition Centre (DICEC).
Over 39,000 travel professionals, government ministers and international press, will visit ATM every April to network, negotiate and discover the latest industry opinion and trends at Arabian Travel Market.
Beyond the event the ATM team claims that they “continue to help professionals in the Arabian travel industry to drive commercial success with all year round opportunities to make connections and access to industry news and developments, trends and technologies from around the world”. A help extended “through our industry networks, global reach and regional focus, ATM creates personal and business opportunities providing our customers with quality contacts, content and communities”.
NEWS
This edition will host the first ATM Hotel Industry Summit as part of its line-up of special events.
The inaugural Hotel Industry Summit, scheduled to take place on Tuesday, April 30, on the Global Stage, will see various panels of experts discuss the latest hotel infrastructure developments, investment opportunities and digital innovations which are shaping the region’s ever-changing industry.
The UAE’s hospitality market is expected to be worth $7.6 billion annually by 2022, growing at a five-year Compound Annual Growth Rate (CAGR) of 8.5 percent between 2017 and 2022, driven by Dubai’s Expo 2020, Saudi Arabia’s Vision 2030 and various other government initiatives to boost travel and tourism across the region.
Over the same period, hotel supply is forecast to grow at a CAGR of 6 percent to 183,718 keys, according to research published in a report by Alpen Capital.
In addition to this, STR data shows that the GCC is expecting an additional 58,761 hotel rooms to enter the market in 2019. The leading contributors are the UAE with 31,517 rooms (53 percent) in the pipeline; Saudi Arabia with 24,170 (41 percent); and Oman with 2,984 (5 percent).
