The head of Saudi Arabian tourism wants Taylor Swift to bring her tour to the Middle East. Of course he does; Swift’s Eras tour has a proven track record of boosting economies wherever it goes.
27.04.2024 - 08:55 / breakingtravelnews.com
Inbound tour operators and travel providers based in Dubai, or international tour operators and other sellers offering Dubai products, may find that the worst is not yet over as the weather clears up in Dubai. TMU Management, the data-driven insurance intermediary specialising in travel, has today issued a warning to the travel trade they are very likely to see increases in rates when applying for Package Travel Regulation compliant insurance.
Sami Doyle, CEO & Co-Founder of TMU Management, comments: “Who’d have thought that flooding could be an operational risk in the middle of a desert? Whilst this may technically be the worst rain in 75 years in the UAE, underwriters are unlikely to forget about that anytime soon. At this early stage it would be hard to say how much of an increase to expect, but for sure it won’t be going down when you mention Dubai. And it could easily go up enough to make sellers think twice when pricing future sales. Certainly we’d advise to expect a noticeable increase.”
What does TMU Management recommend to address likely hikes? Are there any steps the trade should be taking now? Doyle continues “firstly, just simply be aware that this could come up with your insurer whenever it is time to renew – perhaps even get that conversation going now, think about shopping around, and factor this into your future costs and therefore pricing. And secondly ask yourself, am I perhaps overexposed this – or indeed any – destination? Civil unrest, terrorist attacks, freak weather conditions, or just plain fashions changing, all of these have previously weakened or wiped out what had up to that point seemed like great business models.”
Additionally, Sami Doyle advises that having accurate data to report to insurers is vital in demonstrating the limit to the provider’s exposure to concentration of risk related to a shock or geographic event.
The head of Saudi Arabian tourism wants Taylor Swift to bring her tour to the Middle East. Of course he does; Swift’s Eras tour has a proven track record of boosting economies wherever it goes.
One of the Middle East’s annual big-ticket industry events, the Arabian Travel Market (ATM), takes place this week in Dubai and opened this morning, while the UAE continues to attract visitors from around the world. Just this year, Dubai was ranked first in the Top 100 City Destinations Index 2023 by Euromonitor International. This comes against a backdrop of the world recovering from Covid-19, high inflation rates affecting travel, and turmoil in the region. Although the global travel market continues to recover, few can doubt that the dark clouds that have hovered over the Middle East since the Israel-Gaza war broke out in October of last year have taken a toll on tourism and business travel alike in countries like Egypt and Jordan.
As the global travel and tourism industry gears up for the prestigious Arabian Travel Market (ATM) Dubai 2024, there’s one destination that’s poised to make a significant impact – Goa, India. Renowned for its pristine beaches, rich cultural heritage, and vibrant communities, Goa is set to showcase its commitment to sustainable tourism at ATM Dubai 2024 with this year’s theme: Innovation and Entrepreneurship: Transforming Travel Through Entrepreneurship.
The Philippines returns to the Arabian Travel Market (ATM) 2024 on 6 – 9 May 2024 at the Dubai World Trade Center. As the Middle East’s leading global travel event, ATM is a crucial platform for nations to spotlight their tourism offerings and foster invaluable partnerships within the global travel industry.
Azerbaijan’s tourism offerings take center stage at the prestigious Arabian Travel Market 2024 (ATM Dubai 2024), which commenced today. Considered a key event for the Middle East tourism market, ATM Dubai 2024 serves as a platform for fruitful B2B meetings aimed at fostering collaboration between local and foreign industry stakeholders.
Minister of Tourism, Hon. Edmund Bartlett departed the island today for Dubai, United Arab Emirates (UAE), to participate in the highly anticipated Arabian Travel Market (ATM) 2024 trade show.
With 26 co-exhibitors uniting under the guidance of the Moroccan tourism office, Morocco aims to enhance its visibility as a top destination in the Gulf countries.
Dubai has maintained its tourism growth momentum with 5.18 million international overnight visitors in the first quarter of 2024, marking an 11 per cent year-on-year increase. The data was released by Dubai’s Department of Economy and Tourism (DET) at the 31st edition of Arabian Travel Market (ATM), which opened today.
Hatta Resorts and its Wadi Hub is proudly taking part in this year’s edition of the annual Arabian Travel Market (ATM), which opened yesterday and will run until 9 May at Dubai World Trade Centre. Known for glamping and its impressive line-up of exhilarating adventures amidst the picturesque natural landscape of the Hajar Mountains, the Hatta region is an all-rounded haven for a quick city escape. As Dubai’s largest nature reserve, Hatta is a multi-faceted sustainable destination that has an undeniable appeal for those seeking to relax or to engage in their next thrilling adventure. With over 351,000 visitors from September 2023 to April 2024, Hatta Resorts and its Wadi Hub had a successful season welcoming guests from the UAE and across the globe — a remarkable 40.4% increase to last season’s figures. Visitors to the Hatta stand, located in the Department of Economy and Tourism pavilion, at the conference, can also expect an exploratory introduction to the resort through visual and sensory demonstrations highlighting the resort’s offerings from the perspective of travellers.
Emirates has signed a number of Memorandum of Understandings (MoUs) on the first day of Arabian Travel Market (ATM) with Tourism Malaysia, Türkiye Tourism Promotion and Development Agency (TGA) and the Abu Dhabi Chamber of Commerce. These agreements demonstrate the airline’s commitment to entice more travellers across its network of more than 140 destinations to experience the sights, culture and attractions of each destination, in addition to supporting travel opportunities for local UAE companies and SMEs.
Nikos Chardalias, Governor of the Attica Region, Greece, has hailed the role played by the Arabian Travel Market (ATM) in Dubai in bringing together all tourism and travel companies, airlines, and industry stakeholders from around the world under one roof.
Underscoring Emirates’ commitment to boost tourism inflows across its network, the airline has reaffirmed its strategic cooperation with Tourism Seychelles and the Sri Lanka Tourism Promotion Bureau and has forged a new partnership with the Hong Kong Tourism Board. Emirates has pledged its renewed commitment with Tourism Seychelles, supporting the island’s efforts to promoting tourism and trade to the country. The MoU was signed by Ahmed Khoory, Emirates’ SVP Commercial - West Asia & Indian Ocean, and Sherin Francis, Principal Secretary Tourism Department, Tourism Seychelles, in the presence of Nabil Sultan, Emirates’ Executive Vice President, Passenger Sales and Country Management.