GCC To Attract 37% Of India’s Total Outbound Market By 2022

Indian outbound tourists will account for 22.5 million worldwide tourists in 2018, with reports from the UNWTO estimating this figure will increase by 122%, to reach over 50 million by 2022.

The number of Indian visitors travelling to the GCC will need to book an extra 10.8 million hotel room nights in the next five years, according to new research.

Data published ahead of the Arabian Travel Market 2019 by Colliers International predicts some 9 million Indians will travel to the GCC by 2022 – 37% of India’s total outbound market – with business, place of work and leisure underpinning this demand.

Indian tourists are also among the world’s highest spenders per visit abroad, with visitor spending expected to increase from $23 billion in 2018 to $45 billion by 2022.

Danielle Curtis, exhibition director ME, Arabian Travel Market, said: “Despite recent weak rupee exchange rates, which have seen the rupee lose around 14% of its value against the US dollar over the last 12 months, the Indian outbound market has continued to grow at an average annual growth rate of 10-12% over the last seven years.

“The GCC has benefited from this trend with Indian travellers’ willingness and ability to spend on outbound travel, supported by the country’s pace-setting 7% GDP growth and a new generation of leisure attractions in the GCC, as well as increased business opportunities and relaxed visa regulations for Indian nationals,” Curtis said.

In 2017, the UAE welcomed 2.3 million Indian tourists, accounting for 13% of the country’s annual visitors, with this figure expected to increase at an annual rate of 7% through 2022.

Relaxed visa restrictions and the introduction of a free two-day transit visa have contributed to this growth.

According to Colliers International, Saudi Arabia will also experience a comparative growth of 7% – while the remaining GCC countries, Oman, Kuwait and Bahrain, will see an annual increase of 6% between 2018 and 2022.

 

Source Credit: Arabian Business