The Buzz Magazine
The Buzz Magazine

MEA region’s business travel spend expected to return to pre-pandemic levels by 2024

GBTA sessions to focus on the future of business travel at ATM 2023

Dubai, United Arab Emirates, 8 March 2023:

Business travel in the Middle East and Africa (MEA) is recovering more rapidly than in any other region, according to the most recent Business Travel Index™ Outlook annual forecast and outlook (2022), from the Global Business Travel Association (GBTA), the world’s largest business travel association.

MEA business travel achieved 86% of its 2019 levels during 2022, outperforming the recovery in Americas, Asia Pacific and Europe.

The strong performance of the sector and future opportunities will come under the spotlight during Arabian Travel Market (ATM) 2023, which takes place at Dubai World Trade Centre (DWTC) from 1-4 May.

Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “The business travel sector is a key component of the Middle East’s wider travel and tourism industry, and it is encouraging to see that it has bounced back so strongly since the pandemic.

The Global Business Travel Association (GBTA) will present an in-depth analysis of how technology can support this return to travel and the ways in which this can be done sustainably in two education sessions with key insights from leading industry professionals.”

According to the forecast, business travel spending reached $933 billion globally in 2022, 65% of the USD $1.4 trillion business pre-pandemic travel spend, with the MEA region accounting for $23 billion or approximately 2.5% of overall spending within the sector.

“The MEA region is an important growth market for business travel and benefitted from a prompt Covid-19 vaccination roll-out in key markets such as the UAE and Israel, as well

as increased economic activity driven by the rising price of crude oil to accelerate the business travel recovery. The region is expected to return to pre-pandemic business travel spend by 2024 and continue its growth trajectory” said Catherine Logan, Regional Vice President EMEA & APAC, GBTA GBTA will be hosting two sessions at ATM 2023.

The first entitled, ‘All Hail the Innovators’ will be taking place on the Global Stage, discussing how transformational technologies can be harnessed and incorporated into corporate travel program effectively.

High-profile speakers include, James Britchford, Vice President Commercial IMEA, IHG, Jordan Bray, Vice President of Plug and Play, and Mohammed Halawi, Global Travel and Journey Risk Management Director, Firmenich FZ LLC.

The second session entitled ‘Implementing Sustainability in your Travel Program’ will be taking place in the brand-new Sustainability Hub and will feature GBTA’s Catherine Logan, Regional Vice President – EMEA & APAC. Logan will provide insights on how corporate travel programs can become more sustainable.

Aside from restricted travel, an increase in remote working globally has had a dampening effect on business travel growth.

However, now that travel is almost restriction-free, employees have reveal

York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £33bn, €39bn, $47bn.* *Note: Current market capitalisation can be found at http://www.relx.com/investors

About GBTA BTI™ Outlook

The report provides a detailed analysis of business travel in 2022 with projections for 2023 and beyond, including post-COVID-19 recovery forecasts. Now in its 14th edition, the GBTA BTI Outlook is an exhaustive annual study of business travel spending and growth covering 73 countries across 44 industries.

About the Global Business Travel Association The Global Business Travel Association (GBTA) is the world’s premier business travel and meetings trade organization headquartered in the Washington, D.C. area with operations on six continents.

GBTA’s members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA delivers world-class education, events, research, advocacy, and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. Visit www.gbta.org for more information.

World Travel Market (WTM) Portfolio comprises leading travel events, online portals and virtual platforms across four continents. The events are:

WTM London, the leading global event for the travel industry, is the must-attend three-day exhibition for the worldwide travel and tourism industry. The show facilitates business connections for the global (leisure) travel community.

Senior travel industry professionals, government ministers and international media visit ExCeL London every November, generating travel industry contracts. Next live event: Monday 6 to 8 November 2023 at ExCel London http://london.wtm.com/

WTM Latin America takes place annually in the city of São Paulo and attracts around 20,000 tourism professionals during the three-day event.

The event offers qualified content together with networking and business opportunities.

In this its ninth edition – there have been eight face-to-face events along with a 100% virtual one, which was held in 2021 – WTM Latin America continued to focus on effective business generation and achieved the advance booking of six thousand meetings that were held between buyers, travel agents and exhibitors in 2022. Next event: Tuesday 4 to Thursday 6 April 2023 – Expo Center Norte, SP, Brazil http://latinamerica.wtm.com/

WTM Africa launched in 2014 in Cape Town, South Africa. In 2022, WTM Africa facilitated more than 7 thousand unique pre-scheduled appointments, an increase of more than 7% compared to 2019 and welcomed more than 6 thousand visitors (unaudited), the same number as in 2019.

Next event: Monday 3 to Wednesday 5 April 2023 – Cape Town International Convention Centre, Cape Town http://africa.wtm.com/

About ATW Connect: Africa Travel Week’s digital arm, is a virtual hub packed to the seams with interesting content, industry news and insights, and the opportunity to hear from experts on a variety of topics in our new monthly webinar series.

All with the aim to keep all of us in the travel and tourism industry connected.

ATW Connect focuses on inbound and outbound markets for general leisure tourism, luxury travel, LGBTQ+ travel and the MICE/business travel sector as well as travel technology. https://atwconnect.com/

WTM Global Hub, is the new WTM Portfolio online portal created to connect and support travel industry professionals around the world.

The resource hub offers the latest guidance and knowledge to help exhibitors, buyers and others in the travel industry face the challenges of the global coronavirus pandemic. WTM Portfolio is tapping into its

إشترك في نشرتنا الإخبارية
اشترك معنا للتوصل بآخر الأخبار، المقالات والتحديثات، ترسل مباشرة لبريدك الإلكتروني
يمكنك سحب اشتراكك متى شئت

اترك رد

لن يتم نشر عنوان بريدك الإلكتروني.