ATM 2023, which aims to attract over 26,000 visitors and 34,000 attendees, will provide global travel professionals with a vision of the future of the travel and tourism industry in the years to come by sharing insightful new comments from experts from around the world, creating significant business opportunities throughout the four-day event.
“With such levels of investment and development, we expect a marked increase in the number of GCC attendees at ATM 2023, including tour operators and travel agents from around the world, as the region continues to grow. attract growing numbers of tourists, for whom environmentally friendly and sustainable development will be essential,” Curtis added.
Danielle Curtis, Exhibition Manager, Arabian Travel Market, said: “Between EXPO 2020, the 2022 FIFA World Cup and Saudi Arabia’s ambitious Vision2030 strategy, the CCG remains solid in contrast to global hotel development, which is slowing, due to weak economic growth forecasts. According to a new study commissioned by Arabian Travel Market (ATM) and conducted in late September 2022 by hotel market intelligence and global benchmarking firm STR, the GCC region now has more than 170,000 hotel rooms. hotel under active development (planning, final planning and under construction).
The STR report estimates 135,560 existing rooms in Saudi Arabia with an active pipeline of 82,639 rooms, with total room inventory projected for 2030 at over 218,000 rooms.
The ATM 2023 conference program is specifically developed to address sustainability issues in the travel and tourism industry, with commentary from leading figures representing a variety of sectors such as destinations, travel technology, airlines , cruises, hospitality, car rental and hotels.
ATM, the Middle East’s premier travel and tourism event for international inbound and outbound tourism professionals, is taking place at the Dubai World Trade Center from May 1-4 under the official theme of “Working Towards Net Zero”. Similarly, for the UAE, STR is currently tracking over 202,000 existing rooms with an active pipeline of 48,910 rooms, a combined total of nearly 251,000 rooms by 2030.
While the growth of the hospitality sector highlights the region’s growing popularity on the global stage, it is also indicative of the regional government’s strategy to diversify GDP growth from hydrocarbons to tourism, which will help further boost demand over the next few years.
Strategic partners for ATM 2023 include Dubai Tourism as Destination Partner, Emirates as Official Airline Partner, IHG Hotels & Resorts as Official Hotel Partner and Al Rais Travel as Official DMC Partner. This equates to 40% of the GCC’s current hotel room inventory, a figure almost four times that of the rest of the world, which is currently an average of 11% behind in active development compared to the rest of the world. existing offer.
RX (Reed Exhibitions), the organizer of ATM, will celebrate its 30th annual event by unveiling a dedicated sustainability pledge, not only to make the ATM 2023 event more sustainable, but to announce 30 long-term goals as the ‘ATM is working towards net zero in line with the RX Global commitment. Room supply grew by more than 70,000 rooms between 2010 and 2019, a staggering 68% increase or an average annual growth of around 6%.
“Interestingly, Ras Al Khaimah is second only to Dubai, with 5,076 rooms in its pipeline, almost the same number as Sharjah, Abu Dhabi and Fujairah combined,” Curtis said.
The UAE’s historic occupancy performance defines what the region can expect as new rooms enter the market.
ATM 2022 attracted over 24,000 visitors and hosted over 31,000 attendees across ten halls of the Dubai World Trade Centre, including 1,600 exhibitors and attendees from 151 countries.
Each year, the ATM highlights specific aspects of travel that will be key in determining the direction the industry takes in the future. The show will explore the evolution of innovative trends in sustainable travel and identify strategies for growth in specific vital verticals.
Written by: William Trevan
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