ATM 2024 to focus on India's outbound...

Due to its expanding middle class, India is among the world's fastest-growing outbound markets

The Indian tourism sector will be a point of focus during Arabian Travel Market (ATM) 2024, which returns to the Dubai World Trade Centre (DWTC) for its 31st edition from 6 to 9 May 2024.

The Indian outbound market is forecasted to be worth US$143.5 billion annually by the end of the decade and, according to a report by Booking.com and McKinsey, 70% of Indians travelling overseas choose nearby destinations, with one-third choosing destinations in the Middle East.

The UAE is the top regional destination for the Indian outbound market, followed by Saudi Arabia. Supporting these findings, Dubai's Department of Economy and Tourism lists India as Dubai’s top source market, welcoming 1.9 million visitors in the first 10 months of 2023.

In 2019, Indians made 26.9 million overseas trips and the report predicts that by 2030, that number could increase to 50 million departures.

ATM 2024 is expecting a record number of travel professionals representing outbound as well as inbound travel to India, and will feature a dedicated India summit entitled, ‘Unlocking the True Potential of Inbound Indian Travellers, ’ which will take place at ATM’s Global Stage on the first day of the show, Monday 6 May, from 2.45pm to 3.25pm in conjunction with VIDEC Consultants Private Limited.

Arabian Travel Market exhibition director ME Danielle Curtis said: “The boom in outbound travel from India is being driven primarily by the growing middle class. In 2020, only 37 million households had annual income between US$10,000 and up to US$35,000, but due to India’s rapid economic growth, by 2030 that number will rise significantly to 177 million households.

“More specifically, households earning over US$35,000 per annum will also increase from two million in 2020 to 13 million by 2030. By 2030, India’s total travel expenditure will be valued at US$410 billion. Putting that into perspective, prior to Covid, in 2019, it was worth just US$150 billion, an increase of 173%.”

For more information, visit www.wtm.com/atm

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