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US and EU take 53 percent of inbound Muslim market share worth USD64.8 billion US and EU take 53 percent of inbound Muslim market share worth USD64.8 billion

Muslim Travellers to Spend Billions by 2020

Muslim travellers will spend USD157 billion by 2020, driven by millennial travellers, with the top outbound market remaining to be Saudi Arabia, which will grow 17 percent over the next three years alone, to reach USD27.9 billion.

The figures were released during Arabian Travel Market’s Global Halal Tourism Summit, which took place at Dubai World Trade Centre on April 24.

During the first seminar, entitled Halal Tourism – How far have we come? Faeez Fadhlillah, CEO, Salam Standard Classification, a standardised system which offers Muslim guests a reliable guide to hotels, highlighted the growing importance of Muslim millennial travellers illustrated by the changing global socio-economic trends and underscored the potential pent up demand.

“The biggest countries and some of the fastest growing economies in the world are found in Asia and the Middle East.

These regions typically have large Muslim populations which are young with prosperous middle classes,” added Fadhlillah.

According to Sociable Earth, one of the key findings was that respondents said non-Muslim countries should increase their variety of halal food in the hotel (61.3 percent), list nearby mosques (61.1 percent) and halal restaurants (55.2 percent).