Indians are among the world’s highest spenders per visit made abroad, according to new data. The latest research published by Colliers International, ahead of Arabian Travel Market 2019 (ATM), predicts around nine million Indians will travel to Gulf Cooperation Council (GCC) states by 2022 – 37 percent of India’s total outbound market – with business, place of work and leisure underpinning this demand.
Indian outbound tourists will account for 22.5 million worldwide tourists in 2018, with reports from the UN World Tourism Organisation (UNWTO) estimating this figure will increase by 122 percent to reach over 50 million by 2022.
The ATM is scheduled to take place in Dubai from April 28 -May 1, 2019.
Adding to this, Indian tourists are among the world’s highest spenders per visit made abroad, with visitors spend expected to increase from USD 23 billion in 2018 to USD 45 billion by 2022.
“Despite recent weak rupee exchange rates, which have seen the rupee lose around 14 percent 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 percent over the last seven years,”said Danielle Curtis, Exhibition Director, Arabian Travel Market told PTI.
“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 seven percent 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,” she added.