ATM 2023 witnesses 20% year-on-year increase in exhibitors from India

ATM 2023 witnesses 20% year-on-year increase in exhibitors from India

- The value of India’s outbound market is set to reach $42 billion within two years

- Emirates alone now operates over 170 weekly flights between India and the UAE

- One of the world’s largest tourism markets, India will be a key focus at ATM 2023

Dubai, United Arab Emirates: Thanks to a significant uptick in annual outbound journeys predicted over the next two years, the Indian tourism sector will represent a key focus during Arabian Travel Market (ATM) 2023, which will return to Dubai World Trade Centre (DWTC) for its 30th edition from 1-4 May.

According to recently released data from the Reserve Bank of India (RBI), Indian nationals spent a record $10 billion in overseas travel during the first nine months of 2022, an increase of nearly 43% compared to pre-Covid figures.

Moreover, estimates from Indian business consultants, Nangia Anderson LLP, in association with the Federation of Indian Chambers of Commerce & Industry (FICCI), place the number of annual outbound journeys at more than 27 million, with a total value of over $42 billion by the year 2024. This makes India well-positioned to become one of the world's most important outbound tourism markets and support growth in the Middle East’s tourism sector