•The luxury travel sector expected to hit $391 billion by 2028
The Arabian Travel Market (ATM) will showcase the booming luxury travel industry when it takes place at the Dubai World Trade Center from April 28 to May 1, extending until May 28.
The gathering of leading hospitality companies, key players from the sector, and cutting-edge tourist locations will highlight the developments and perspectives influencing premium travel markets.
McKinsey & Company reports that the market for luxury travel and hospitality is projected to expand more rapidly than any other sector. This growth can be attributed mainly to an increase in high-net-worth individuals worldwide along with a burgeoning group of potential luxury travelers ready to spend greater portions of their earnings on upscale experiences.
According to the study, the luxury tourism and hospitality sector is expected to grow to $391 billion by 2028, an increase from $239 billion in 2023, as Asia makes substantial strides within this market niche.
The Carnival Calabar Review Committee convenes to hone and elevate the festival’s concept. A new tourism blueprint aims to reshape and ensure Ekiti State’s economic prosperity. NIHOTOUR collaborates with NIS to boost Nigeria’s travel sector.
Backing this tendency, statistics provided by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf showed that GCC countries received $110.4 billion from international tourist receipts in 2023.
The biggest group of visitors originated from the Asia-Pacific area (38%), succeeded by the Middle East (25.1%), Europe (22.9%), Africa (8.8%), and the Americas (4.3%).
Danielle Curtis, the Exhibition Director for the Middle East at Arabian Travel Market, stated: “The rise in tourists coming into the region from Asia along with increasing prosperity within this area present a significant chance for luxury tourism in the Middle East.”
At ATM, Asia stands out as one of our quickest-expanding markets for exhibitors, showing a notable 27 percent rise in participants from the area this year.
Tourism bodies from countries including Japan, Maldives, South Korea, India, and Thailand, along with local tourism agencies such as those representing Rajasthan, Goa, Phuket, Hong Kong, and Jakarta, are fueling this expansion. These entities are collectively boosting Asia’s profile at ATM 2025 and emphasizing the rising trend towards luxury travel.
The Gulf Cooperation Council (GCC) area is perfectly situated to attract wealthy travelers looking for top-tier accommodations and premium activities. In response to increasing demand, GCC nations are set to introduce an additional 400,000 hotel rooms by 2030, building upon the 35,000 new rooms added over the past ten years.
In 2025, ATM will showcase several premier upscale travel locations, like the Maldives and Mauritius, along with Peru, returning to the event after a decade away. Travelers can explore Peru’s premium experiences, from desert camping in Ica and traversing the Sacred Valley to luxurious voyages down the Amazon River and railway trips through the stunning Andean scenery, combining awe-inspiring views with exceptional hospitality.
A number of renowned hospitality brands will also be featured, such as Mandarin Oriental, Four Seasons Hotels & Resorts, Jumeirah International, One & Only, Kempinski Hotels, The Address Hotels & Resorts, and The Leading Hotels of the World.
High-end travel is evolving as consumers now lean towards luxurious cultural, artistic, and adventurous encounters. In response to these changing tastes, global hospitality companies are adjusting their offerings. Moreover, sustainability has emerged as a critical element, especially within the GCC region, where lodging establishments are adopting environmentally friendly practices to cater to the rising trend of conscientious premium tourism.
Enhanced accessibility is transforming luxury travel as well, with up-and-coming locations gaining advantages through better connections and the growth of distinctive boutiques, eco-friendly resorts, and premium hideaways. This shift aligns with the theme set for ATM 2025: “Global Travel: Building Future Tourism via Superior Connectivity,” highlighting how advanced connectivity fosters a more environmentally friendly, equitable, and interconnected tourism sector.
The ATM 2025 Conference Program aims to gather leading figures in the hospitality sector along with specialists in upscale tourism, offering perspectives on recent developments within the field. The sessions encompass topics such as generational shifts impacting hyper-personalization in luxury experiences, spearheaded by entities like the Department of Culture and Tourism–Abu Dhabi, alongside partners such as Fairmont and Minor Hotels. Another session highlights strategies for retaining high-net-worth travelers through innovative experience redesigns, presented by representatives from Kempinski, Banyan Tree Holdings, GSIQ, and Matter of Form.
ALSO CHECK OUT IN THE NIGERIAN TRIBUNE
Stay updated with live news from Tribune Online! Connect with us via WhatsApp for instant alerts, special reports, and behind-the-scenes conversations. Subscribe to our WhatsApp Channel today.
Provided by Syndigate Media Inc. (
Syndigate.info
).