#ArabianTravelMarket

[phonemantra-blog]

The travel and tourism industry in the Middle East is undergoing a period of exciting transformation. Fueled by a growing pool of talented entrepreneurs and a surge in travel demand, travel tech startups are emerging across the region, offering innovative solutions and disrupting the traditional tourism landscape. However, despite the positive trends, securing investment remains a hurdle for many aspiring travel entrepreneurs. Middle East's Travel Tech Boom A Glimpse into the Investment Landscape The recent Arabian Travel Market (ATM) 2024 in Dubai served as a platform for industry experts to shed light on the investment climate for travel startups in the Middle East. While acknowledging an upward trajectory in funding, panelists highlighted the need for further support to nurture a thriving travel tech ecosystem. Data from McKinsey & Company reveals a telling correlation – the Middle East's contribution to global travel revenues currently sits at around 5%, mirroring the proportion of international startup funding it attracts. This suggests that while investment levels are increasing, they're starting from a relatively low base, particularly when compared to more established startup hubs. A Promising Future, But Work to be Done The ATM summit, titled "Nurturing Travel and Tourism Entrepreneurship to Drive Economic Growth," brought together industry leaders like Margaux Constantin (Partner, McKinsey & Company), Danny Cohanpour (CEO, Trove Tourism Development Advisors), Charaf El Mansouri (Co-Founder & CEO, Dharma), Mona Faraj (Co-Founder & CEO, ExploreTECH), and Amna Al Redha (Manager, AviationXLab at Emirates Group). Danielle Curtis, Exhibition Director ME for ATM, expressed her optimism regarding the growth in travel investment. However, she emphasized the need for further initiatives to support regional travel startups and entrepreneurs. While challenges in securing funding were acknowledged, panelists also recognized the immense potential for disruption and growth within this sector. Hurdles and Opportunities: Navigating the Investment Landscape Travel startups face various obstacles when seeking investment. Perceived risk associated with early-stage ventures and lengthy return-on-investment cycles were identified as key hurdles. Nevertheless, the summit discussions emphasized that companies with strong value propositions and a clear path to profitability can attract the right investors. Embracing Innovation: The Role of Technology The summit highlighted the rising importance of cutting-edge technologies like Artificial Intelligence (AI), Web3, and cryptocurrency in securing financial backing. While not the primary focus for most travel entrepreneurs, incorporating these advancements into business strategies was underlined as crucial when pitching to investors. A Call for a Shift in Mindset Margaux Constantin, representing McKinsey, emphasized the need for a change in perspective among potential investors. "Most investors looking to fund travel and tourism startups in the Middle East prioritize asset-light, EBITDA-positive companies with a minimum ticket size," Constantin stated. This narrow approach limits the pool of viable ventures, hindering innovation within the region's travel sector. Constantin calls for a shift in investor attitudes and interests to fuel a truly diverse and thriving travel tech ecosystem. A Catalyst for Growth: The Impact of ATM The Arabian Travel Market, in its largest edition to date, concluded with four days of thought-provoking industry discussions and valuable networking opportunities. These sessions spanned various segments of the travel industry, including MICE (Meetings, Incentives, Conferences, and Exhibitions), leisure, luxury, and corporate travel. The final day focused on fostering the next generation of travel leaders, featuring sessions like "Educating Young Entrepreneurs: Building a Career in Travel" and "Network with Future Leaders." A Thriving Future for Travel Tech in the Middle East The Middle East's travel tech sector boasts immense potential, and the growing pool of investment signifies positive momentum. However, as highlighted at ATM 2024, fostering a vibrant travel tech ecosystem requires overcoming existing challenges and fostering a more supportive investment environment. By embracing innovation, attracting diverse investors, and nurturing young talent, the Middle East is well-positioned to witness sustained growth and disruption within its travel industry.

[otrams-software]

Are you Ready for Arabian Travel Market 2023?

Join us @ ATM 2023 & meet with our team! Come learn about our services, ask us questions, & find out how we can help you!

#arabiantravelmarket #atm2023 #traveltech #traveltechnology

[erdalkurtulus]

Once Upon a Time in #ATMDubai / #Dubai - #UAE #eagle #hawk #owl Designed by Erdal & Photo by Erdal & Video by Erdal & Erdal’s Kitchen & Shark Diver https://www.facebook.com/groups/158814319156821/  (Designed by Erdal) https://www.facebook.com/groups/252561862940025/  (Erdal's Kitchen) https://www.facebook.com/groups/232663998458570/  Shark Diver https://www.facebook.com/groups/2876085599337439/  (Photo by Erdal) https://www.facebook.com/groups/753938222219141/  (Video by Erdal) instagram.com/erdalkurtulus twitter.com/ErdalKurtulus facebook.com/erdalkurtulus #Marvel #hotelmanagement #ArabianTravelMarket #ATMDubai #tourmagcomtr #turizmhabermrk #turizmaktuel #Turizmajansi #turkiyeturizm #TurizmHaberleri #travelholic #travelblog #traveltheworld #Turoyd #designedbyerdal #photobyerdal #videobyerdal #erdalskitchen #sharkdiver #JustGoShoot #InstaGood (at ARABIAN TRAVEL MARKET FAIR (ATM DUBAI)) https://www.instagram.com/p/Cdhiy8Vqhgc/?igshid=NGJjMDIxMWI=

[rizmona]

Ajman Free Zone has decided to showcase its attractive tourism features and investment opportunities at Arabian Travel Market.

[istanblucity]

Meet us here #arabiantravelmarket #dubai #arabianmarket #abudabi #unitedarabemirates #uae #katar #saudiarabia #iran #iraq #lebanon #jordan #umman #algeria #turkey #meetushere #reisholiday (ARABIAN TRAVEL MARKET FAIR (ATM DUBAI)) https://www.instagram.com/p/BwxbVnlHRIn/?igshid=2g0e5al4a3q0

[coolwaelfawwal]

Biggest five projects under construction . . . . https://youtu.be/fT9xRpzGjsM . . . #hamdanbinmohammed #dubailife #atmdubai #canon #groupfazza #faz #arabiantravelmarket #fazzaofficial #perfect #dubaitourism #dubaifashion #photo #france #ramadan #dubaiinstagram #sheikhhamdan #hamdan #travelphotography #dubailifestyle #menstyle #slp #ksa #love #hanoi #bespoke #customade #benuocmua #leather #luxury #makeup https://www.instagram.com/p/ByR5gvvJFq1/?igshid=1nmoysez6rn1z

[blogliterati]

The Faces of ATM Models from #Thailand @thaiairways #ArabianTravelMarket #atm2019 #Dubai (at Arabian Travel Market at Dubai World Trade Centre) https://www.instagram.com/p/BxPX9YXBP0e/?utm_source=ig_tumblr_share&igshid=jwrvdf76gbyz

[kavyajewels]

#atmdubai #arabiantravelmarket (at Rashid Hall, The Dubai World Trade Centre) https://www.instagram.com/p/Bw2AGBYJNHO/?igshid=36a64x81wowf

[phonemantra-blog]

Dubai Holding, a prominent Emirati conglomerate, is showcasing the captivating allure of Hatta Resorts at the annual Arabian Travel Market (ATM) currently underway at the Dubai World Trade Centre. This participation highlights Hatta's growing significance as a sustainable tourism destination within Dubai. Hatta Resorts at the Arabian Travel Hatta Resorts: A Haven for Adventure and Relaxation Hatta Resorts, nestled amidst the majestic Hajar Mountains, offers a unique blend of glamping experiences and exhilarating outdoor adventures. The region serves as Dubai's largest nature reserve, attracting both relaxation seekers and adrenaline enthusiasts. A Thriving Tourism Hub with Impressive Growth Hatta Resorts, with its Wadi Hub, has witnessed a remarkable 40.4% increase in visitors from September 2023 to April 2024 compared to the previous season. This surge in visitor numbers underscores the region's growing popularity as a quick escape from the bustling city life of Dubai. Interactive Exploration of Hatta's Offerings Visitors to the Hatta stand, situated within the Department of Economy and Tourism pavilion, can embark on an interactive journey. Sensory and visual demonstrations will showcase the diverse experiences Hatta Resorts offers from a traveler's perspective. A Sustainable Future for Hatta Tourism Aligned with the Dubai 2040 Urban Master Plan, Hatta is poised for exciting developments that will further strengthen its position as a top tourist destination. Key infrastructure projects include: All-Season Hatta Beach Project: Offering year-round beach enjoyment, this project will broaden the appeal of Hatta for diverse travelers. Sustainable Transportation Systems: Eco-friendly transportation options, like a mountain tram system, will enhance accessibility and promote responsible tourism. Focus on Local Agriculture: Initiatives like the Hatta Honey Bee Discovery Centre and the upcoming Hatta Strawberry Farm will highlight the region's agricultural potential. Unveiling Hatta's Diverse Attractions Roudi Soubra, Vice President of Asset Management at Dubai Holding Hospitality Assets, emphasizes the significance of Hatta Resorts' participation at ATM. He highlights the opportunity to showcase: Glamping Accommodations: Luxurious yet eco-friendly accommodations set amidst stunning natural surroundings. Outdoor Adventure in Wadi Hub: A thrilling array of activities like mountain biking, kayaking, and hiking. Hatta Sign: This record-breaking structure adds a unique landmark to the region's charm. Cultural Experiences: Opportunities to immerse oneself in local history through heritage sites, traditional villages, and cultural events. Sustainability at the Heart of Hatta's Development The development plans for Hatta prioritize sustainability, innovation, and the preservation of the region's natural beauty and rich cultural heritage. As Hatta gears up for its next season in October 2024, visitors can anticipate an even wider range of experiences and attractions, solidifying its position as a must-visit destination.

[24x7rooms]

Visiting @ Arabian Travel Market ? Come meet our General Manager @Danish Fairoz at Stand No - #TT1525 and learn more about us & the services we offer! #atm2019 #mydubai #arabiantravelmarket #atmdubai #visitdubai #arabiantravelmarket2019 #tradeshow #events #exhibition #tourism #atmdubai2019 #BoothTT1525 #IdeasArriveHere

[alkamilbooking]

We're excited to see you all tomorrow at the Arabian Travel Market 2019. Let’s meet at stand #CP2010 – Hall No. 2.

[systrixit]

Meet us at Arabian Travel Market 2021 at +971504453372 to execute our travel booking engine and travel accounting software for your travel business. Click here to know more: https://bit.ly/342PdwF 

[istanblucity]

Meet us here #arabiantravelmarket #dubai #arabianmarket #abudabi #unitedarabemirates #uae #katar #saudiarabia #iran #iraq #lebanon #jordan #umman #algeria #turkey #meetushere #reisholiday (ARABIAN TRAVEL MARKET FAIR (ATM DUBAI)) https://www.instagram.com/p/BwxbVnlHRIn/?utm_source=ig_tumblr_share&igshid=1o236x9a4ecpr

[coolwaelfawwal]

#hamdanbinmohammed #dubailife #atmdubai #canon #groupfazza #faz #arabiantravelmarket #fazzaofficial #perfect #dubaitourism #dubaifashion #photo #france #ramadan #dubaiinstagram #sheikhhamdan #hamdan #travelphotography #dubailifestyle #menstyle #slp #ksa #love #hanoi #bespoke #customade #benuocmua #leather #luxury #makeup FOR MORE INFO PLEASE CALL WAEL FAWWAL PROPERTY CONSULTANT 00971524349907 (at Emirate of Dubai) https://www.instagram.com/p/ByJ04yqpvVZ/?igshid=vfqk3lllrkrl

[blogliterati]

The Faces of ATM Model from #Indonesia @indtravel #ArabianTravelMarket #atm2019 #Dubai (at Arabian Travel Market at Dubai World Trade Centre) https://www.instagram.com/p/BxOnOjTB77a/?utm_source=ig_tumblr_share&igshid=e0et0himkurh