Tuesday, November 13, 2007

Mideast tourism revenues to hit $51b

by Shakir Husain from The Gulf News (UAE)

Middle East tourism revenues will more than double to $51 billion and visitor arrivals are expected to grow by 66% in four years as the tourism sector continues its strong growth in the region, according to a study. The UAE will be the second biggest earner of tourism revenues after Saudi Arabia, which is aided by a strong domestic travel sector and pilgrim spending. Tourism revenue in the Middle East is expected to grow 108% to almost $51 billion and domestic tourism 82% to $24 billion in 2011, said the report on tourism trends, released on the opening day of the four-day World Travel Market exhibition in London (WTM) yesterday. It forecasts the number of inbound tourists to the Middle East will grow 66% to 55 million by 2011.

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