LOADING

TDM NEWS EVENTS IWTA SERIES TDM

Travel Daily Media

Today Free Charge

Sign up today free of charge.

Join our global community of over 5 million travel and hospitality executives.

Middle East tourism revenues expected to reach $246 billion this year

Middle East tourism revenues expected to reach $246 billion this year

Megha Paul

- March 18, 2022

As per new research from the World Travel and Tourism Council (WTTC), the Middle East’s travel and tourism sector’s revenue is expected to reach $246 billion this year, which is only 8.9% behind pre-pandemic levels. In 2019, before the onset of the pandemic, the travel and tourism sector in the region was growing greatly, generating $270 billion in revenue.

However, when COVID-19 brought international travel to a complete halt in 2021, tourism’s contribution dropped by 51.1%, suffering a loss of more than $138 billion.

Latest WTTC research shows that as the region continues to get back on track from the pandemic, with major markets reopening borders and easing travel restrictions, tourism’s contribution to employment is expected to reach almost the pre-pandemic levels this year. The research also reveals that if countries continue to roll out the vaccination programme swiftly this year and restrictions to international travel are relaxed around the world, 6.8m people could be employed in tourism by the end of 2022, which isjust 40,000 behind pre-pandemic levels.

“The COVID-19 pandemic caused significant losses to the Middle East’s travel and tourism sector, but we now have reason for real optimism,” said WTTC President and CEO Julia Simpson. “2022 is poised for a strong recovery if governments across the region continue to open up their borders and remove restrictions to travel, which will have a massive positive effect on the economy, society, and jobs,” Simpson added.

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats

Middle East tourism revenues expected to reach $246 billion this year

Megha Paul

- March 18, 2022

No posts found.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats