New studies revealed a rebound in market confidence while GIBTM exhibitors report strong 12-month prospects for key regional meetings destinations.
Business travel budgets are once again on the rise and more business people in the region are traveling, research firm YouGov said in its latest “Travel Oracle” report gauging UAE and KSA traveler attitudes and habits.
Corporate and meetings business in the Middle East has bounced back from the global economic crisis and looks set to achieve strong growth in 2013, the report said.
Statistics from research house Euromonitor International showed steady growth increases in business arrivals across four key MENA markets (the UAE, Saudi Arabia, Egypt and Morocco) between now and 2016. The UAE reported 2.55 million business arrivals in 2012, rising to 2.756 million in 2013 and 3.55 million, while KSA’s figures are 3.17, 3.5 and 4.91 respectively.
Read more: http://www.saudigazette.com.sa/index.cfm?method=home.regcon&contentid=20130214153102
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