Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Gulf region 'poised for new era of travel'  Join our daily free Newsletter

MENAFN - Arab News - 06/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) Saudi arabia will constitute 60 percent of the gcc population by 2030 according to a report which was released during a panel discussion in dubai.

the report says the saudi population is very tech savvy and 42 percent of leisure travelers plan trips via their smartphones.

the coming-of-age of the gulf cooperation council (gcc)'s young population will reshape the travel industry in the region over the next 15 years with the tech-savvy generation turning instinctively to mobile technologies and social media to plan book and manage travel.

today nearly 25 percent of the gcc population is under 15 years of age and as this group becomes tomorrow's decision makers traditional travel behaviors will witness a transformation and become increasingly self-directed.

as outlined in the amadeus-commissioned new report 'shaping the future of travel in the gulf cooperation council (gcc): big travel effects' additional unfolding demographic factors such as steady inflow of expatriate workers robust natural population growth and a growing middle class will combine to drive a new and divergent set of travel behaviors and needs in the region.

the report researched and collated by frost & sullivan and insights and commissioned by amadeus examines and contextualizes the various ways a new travel landscape will develop in the gulf region over the next 15 years.

'the gulf region is poised for a new era of travel as investment in infrastructure new tourism sectors andgovernmental initiatives to ease intra- and extra-regional movement and make the gcc more attractive to leisure and business travelers" said antoine medawar vice president mena amadeus.



he added: 'travel providers who address the nuanced needs of the region's population are likely to thrive in the coming decades. at amadeus our people our technology and our innovation are dedicated to helping our customers and partners shape the future of travel in this region."

economies in the gcc are diversifying beyond oil and specialist tourism sectors such as cruises meetings and conferences and medical tourism play a prominent role in this diversification.

as a result the gcc countries have maintained an average gdp growth of over 5 percent in the past decade with a greater increase expected in the future.

the gcc is working to make travel easier both within the region and outbound.

this is particularly relevant with 33 percent of the respondents surveyed citing visa issues as a key reason for their inability to travel more often.

improved accessibility within the region and abroad is expected to increase the number of intra-regional travelers to four-fold by 2030.

according to the report growing 6 cities across the region expected to create more than 2 million jobs and attract foreign and domestic investment.

the report was collated by surveying over 1000 travelers from the region as well as through interviews with thought leaders in the travel industry.


 


Arab News




  MENA News Headlines
 Feb 6 2016 - Saudi Arabia sees one IPO in Q4 raising USD 101mnMENAFN
(MENAFN) The last quarter (Q4) of last year viewed the sluggish main public offering (IPO) performance in Q3 proving that 2015 was an unstable year for IPOs in the GCC.Moreover, the kingdom viewed ...

 Feb 6 2016 - Industries Qatar net profit drops at 1.21bnMENAFN
(MENAFN) Industries Qatar, one of the area's industrial giants with interests in the production of a wide range of petrochemical, proclaimed its financial results for its net income.Additionally, net ...

 Feb 6 2016 - KSA health sector cuts spending by 50 percentMENAFN
(MENAFN) Saudi Ministry of Health asked its different departments to review recent inventories to ensure the availability of medicine and medical devices.Moreover, the reduction of health sector was ...

 Feb 5 2016 - Julius Baer signs final deal with the USThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Swiss bank Julius Baer has signed a deal with the United States authorities bringing an end to an investigation into how it helped US clients evade taxes. A ...

 Feb 5 2016 - Turkey- Merkel to travel Ankara to discuss Syria refugee crisisThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) German Chancellor Angela Merkel will travel to Ankara on Monday for talks on Syria andthe refugee crisis her spokesman announced Friday. “The visit ...

 Feb 5 2016 - NATO: Russian airstrikes undermining non military efforts in SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) NATO chief Jens Stoltenberg says Russia's airstrikes in Syria are undermining efforts to find a non-military solution to the conflict. Stoltenberg made the ...

 Feb 5 2016 - Syrian woman starves to death in besieged MadayaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) A Syrian woman starved to death on Thursday in the Syrian town of Madaya taking the death toll in the besieged town to 18 a local medical center said. ...

 Feb 5 2016 - Major players pin high hopes on Syria political solution skepticism remainsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Despite frustration over a suspension of the third round ofSyriapeace talks major global players still believe that a political solution though difficult to ...

 Feb 5 2016 - Jordan's Joramco to spend USD10m on expansionMENAFN
(MENAFN) In response to expanding demand and an arising Iranian aviation market, Joramco, a Jordan-based aircraft heavy maintenance company, is planning to invest nearly USD10 million to expand its ...

 Feb 5 2016 - UAE's Career Fair 2016 kick-start with huge potentialMENAFN
(MENAFN) The Abu Dhabi City Municipality is participating in the Career Fair 2016, under the umbrella of the Department of Municipal Affairs, which launched in in Abu Dhabi National Exhibition ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help