Tourism Investment Summit discusses financing projects after the pandemic

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

This year’s Tourism Investment Summit, hosted 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 released by BNC, hotel contracts are expected to be awarded $ 4.5 billion worth of Gulf Cooperation Council (GCC) countries during 2022, representing an annual increase of 16%.

contracts

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

data

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

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

TECHNIQUES

Ibrahim Ayoub, CEO of the International Conference on Tourism and Investment, said: “Summit participants, whether joining us in person or virtually, will benefit from the knowledge that will be presented by elite experts on the latest technologies being developed. employed, 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 visions of the future by 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. United Nations World Tourism.

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, which brings together the most prominent professionals in the travel, tourism and hospitality sector from e the whole world. , to explore the next generation of trends and innovations for tourism activities, within the destination it.

The Arabian Travel Market will also host the Travel Tech event, formerly known as Travel Forward. The refurbished and renamed Travel Tech has expanded 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 Contest.

travel weeks

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

The exhibition, once again, will be an essential part of the Arab Travel Week, which will take place over 10 days, from 9 to 19 May, in which exhibitions, conferences, breakfast sessions, awards, presentations will be held. of products and network events. .

Tourist safety

The UAE, one of the safest countries in the world, remains, despite the recent outbreak of the Omicron mutant, in terms of registering low case rates, strict measures to ensure tourism safety and travel procedures at every stage , starting from arrival to departure, and the emirate is committed that Dubai, like other emirates, maintains the highest standards of hygiene and safety, as the World Travel and Tourism Council commended its successful management of the pandemic and gave the city security seal. travel, based on strict procedures, safety and public health protocols followed by the city.

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