Tourism Investment Summit discusses funding of post-pandemic projects
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Tourism Investment Summit discusses funding of post-pandemic projects

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Industry experts gather during the Tourism Investment Summit at Arabian Travel Market 2022, which will be held at the Dubai World Trade Center from today, May 9, to Thursday, May 12, to shed light on the Middle East region as an economic center for future global tourism investment. .

This year’s Tourism Investment Summit, organized by the Arab Travel Market and the International Conference on Tourism and Investment, will be held tomorrow, Tuesday, to shed light on project funding in the post-pandemic era.

According to the latest research published by BNC, hotel contracts worth $ 4.5 billion are expected to be awarded in the Gulf Cooperation Council (GCC) countries by 2022, representing an annual growth rate of 16%.

contracts

Last year, the UAE achieved the highest value of contracts related to the hospitality sector in the Gulf Cooperation Council countries, followed by Saudi Arabia, and according to the same research, the total value of UAE and Saudi Arabia projects accounted for more than 90% of all hospitality contracts awarded in the region during 2021.

data

At the regional level, data published by STR show that more than 169,000 hotel rooms are currently under construction throughout the Middle East, with the three most active cities being: Dubai, Makkah and Doha, respectively.

Thus, this year’s Arabian Travel Market Tourism Investment Summit is an ideal opportunity for travel and tourism professionals to explore regional investment opportunities, discover new financing opportunities and connect with peers from around the world.

Techniques

Ibrahim Ayoub, Executive Director of the International Conference on Tourism and Investment, said: “The participants in the Summit, whether joining us personally or virtually, will benefit from the insights that will be presented by elite experts on the latest technologies, being hired to transform tourism projects in the Middle East into a tangible reality, in addition to practical ideas from thought leaders.

visions of the future

The Tourism Investment Summit will include the presentation of future visions of elite experts, such as: Gerald Lawless, Director of the International Conference on Tourism and Investment, Ambassador of the World Travel and Tourism Council, Edmund Bartlett, Minister of Tourism of Jamaica, Dr. UN world tourism.

The highlights of the 2022 edition will include destination summits that will highlight the main source markets of Saudi Arabia, China and India, and the Arival Dubai Forum, where the most prominent professionals in the travel, tourism and hospitality sector from around the world gather to explore the next generation of trends and innovations for tourism activities, within the destination one.

The Arab travel market will also host the Travel Tech event, formerly known as Travel Forward. The renewed and transformed Travel Tech has grown by almost 400% year-on-year, in addition to showcasing the latest travel technology products and services. TravelTech Theater, a series of seminars, discussions and presentations as well as the launch of the Aladdin-Draper Startup Competition.

travel week

The Arab Travel Market will also host dedicated summits on the global stage highlighting the aviation, hotel, sports and retail tourism sectors, a special symposium on investment in the hospitality sector and the World Business Travel Association, the leading business travel and trade organization. will participate again. Meetings in the World, in the Arab travel market, where the Global Business Travel Association will present the latest travel content for work, research and education, to drive improvement and improvement and support growth in business travel.

The exhibition will again form a significant part of the Arab Travel Week, which will take place over 10 days, from 9 to 19 May, where exhibitions, conferences, breakfast sessions, awards, product launches and networking events will be held.

Tourist safety

The United Arab Emirates, one of the safest countries in the world, remains, despite the recent outbreak of the Omicron mutant, in recording consistently low cases, strict measures to ensure tourism safety and travel procedures at all stages, starting from arrival to departure, and the emirate is committed to ensuring that Dubai, like other emirates, maintains the highest standards of hygiene and safety, as the World Travel and Tourism Council praised its successful handling of the pandemic and gave the city the stamp of safe travel, based on the strict procedures, safety and public health protocols followed by the city.

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