Nordic tourism to GCC estimated to be worth $810 million by 2024

Business Bureau, Gulf Today

Tourists from Nordic counties - Denmark, Norway, Sweden, Finland and Iceland - travelling to the GCC, are expected to generate an estimated $810 million in travel and tourism revenue by 2024, according to data published ahead of Arabian Travel Market (ATM) 2020, which takes place at Dubai World Trade Centre from April 19 to 22, 2020.

The latest Colliers International 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 Nordic visitors projected to reach $718 million by 2024, an increase of 36 per cent when compared with figures from 2018 and tourism spend per trip to reach $2,088.

Building on this, Saudi Arabia is expected to witness the second largest increase followed by Bahrain, with total Nordic tourism spend estimated to reach $86,670,000 and $53,000,000 respectively, by 2024.

Looking at Nordic outbound tourism figures, arrivals from Denmark, Norway, Sweden, Finland and Iceland to the GCC will increase 23 per cent over the period 2018 to 2024, driven by an increasing number of new and direct flight routes, relaxed visa requirements and the vast number of unique travel experiences that the region has to offer.

Abu Dhabi and Saudi Arabia have been popular destinations for Norwegian business tourists for many years due to their joint interests in the oil industry, while for Swedish, Icelandic, Danish and Finnish tourists, the UAE and wider GCC region offer year-round sunshine allowing them to escape the constant mid-winter temperatures of below freezing.

According to the Colliers data, approximately 383,800 Nordic citizens will travel to the GCC in 2024, with Swedish tourists leading the number of arrivals, totaling 191,900. Visitors from Denmark will follow with 76,700 arrivals, closely followed by Norway, Finland and Iceland with 62,800, 47,200 and 5,200 arrivals, respectively.

The UAE will continue to be the preferred GCC destination for Nordic tourists, welcoming a projected 342,200 tourists by 2024. Saudi Arabia and Oman will follow with 17,300 and 16,500 respectively, while Bahrain well welcome 7,000 and Kuwait 800.

Driving this demand in the UAE, Emirates  currently operates direct flights to Norway, Denmark and Sweden and last year introduced a direct flight to Iceland, following the closure of low-cost Icelandic carrier WOW air. Meanwhile, Norwegian Air operates direct flights between Oslo and Dubai five times a week and flydubai has direct flights between Dubai and Helsinki in Finland.

ATM, considered by industry professionals as a barometer for the Middle East and North Africa tourism sector, welcomed almost 40,000 people to its 2019 event with representation from 150 countries. With over 100 exhibitors making their debut, ATM 2019 showcased the largest ever exhibition from Asia.

Adopting Events for Tourism Growth as the official show theme, ATM 2020 will build on the success of this year’s edition with a host of seminar sessions discussing the impact events have on tourism growth in the region while inspiring the travel and hospitality industry about the next generation of events.

Arabian Travel Market is the leading, international travel and tourism event in the Middle East - introducing both inbound and outbound tourism professionals to over 2,500 of the most breathtaking destinations, attractions and brands as well as the very latest cutting-edge technologies. Attracting almost 40,000 industry professionals, with representation from 150 countries, ATM prides itself on being the hub of all travel and tourism ideas - providing a platform to discuss insights on the ever-changing industry, share innovations and unlock endless business opportunities over the four days. New to ATM 2020 will be Travel Forward, a high-end travel and hospitality innovation event, dedicated conference summits and ATM buyer forums for key source markets India, Saudi Arabia, Russia and China as well as the inaugural Responsible Tourism Awards.

Arabian Travel Week is a festival of events taking place within and alongside Arabian Travel Market 2020 including ILTM Arabia, the inaugural Responsible Tourism Awards and Travel Forward - a new travel tech and hospitality innovation event launching this year - as well as ATM Buyer Forums and ATM Speed Networking Events for key source markets India, Saudi Arabia, Russia and China. Providing a renewed focus for the Middle East’s travel and tourism sector - under one roof over the course of one week -

Reed Exhibitions is the world’s leading events business, enhancing the power of face to face through data and digital tools at over 500 events a year, in more than 30 countries, attracting more than seven million participants.