The number of Chinese tourists travelling to the GCC is expected to increase 54% from 1.4 million in 2018 to 2.2 million in 2023, growing at a Compound Annual Growth Rate (CAGR) of 4.8%, according to data published ahead of Arabian Travel Market (ATM) 2020.
As destinations from across the globe prepare to showcase their latest offering at ATM 2020, which is being held at Dubai World Trade Centre from Sunday 19 – Wednesday 22 April 2020, Colliers International predicts China will maintain its position as a top source market across the GCC, particularly in the UAE, where Chinese visitors are currently the second and fourth highest ranked source markets for Abu Dhabi and Dubai, respectively.
Adding to this, the data predicts the UAE will continue to be the preferred GCC destination for Chinese tourists, welcoming a projected 1.9 million visitors by 2023.
Saudi Arabia will follow with 1 million visitors, while Oman will welcome 76,900, Bahrain 26,300 and Kuwait 2,800. Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “China’s links with the GCC have strengthened in recent years due to the introduction of additional and direct airline routes; relaxed visa regulations; the strong growth of the Chinese economy and Chinese tourists’ increasing disposable income.
“The recent influx in Chinese visitors to the GCC shows no sign of abating as we look ahead to 2023 and beyond – owing largely to the many business and investment opportunities that the region presents, as well as a new generation of leisure attractions and retail destinations.
“Keen to capitalise on this growing potential, figures from ATM 2019 show more than 100% increase in Chinese visitor attendance as well as 15% increase YoY between 2018 and 2019, in the number of delegates, exhibitors and attendees interested in doing business with China”
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