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Moscow stand at ATM 2019 Moscow stand at ATM 2019

Russian Tourism to GCC worth USD1,22 billion by 2023

Russian tourists travelling to the GCC are expected to generate an estimated USD1,22 billion in travel and tourism revenue by 2023, an increase of 19 percent when compared with figures from 2018, according to data published ahead of Arabian Travel Market (ATM) 2020, which takes place at Dubai World Trade Centre from April 19-22, 2020.

The latest Colliers research commissioned by Reed Travel Exhibitions, the organiser of Arabian Travel Market, predicts the UAE will witness the highest growth, with total tourism spend by Russian visitors projected to reach USD1,153 billion by 2023 and tourism spend per trip increasing five percent from USD1,600 to USD1,750.

Danielle Curtis, exhibition director ME, Arabian Travel Market, said, “With the oil price recovery, stabling of the financial markets and increased disposable incomes, Russia, once again, represents a significant growth area for travel and tourism revenue across the GCC as Russian nationals turn to the region for its year-round sunshine, world-class hotels and resorts and fast-paced leisure facilities and amenities.”