VISA affluent study reveals 50% of UAE travelers will spend more on family holidays in next 12 months

03 May 2014

Global payments’ technology company to present a snapshot of research results during luxury-themed Arabian Travel Market

 

Global payments’ technology company Visa Inc. will deliver a snapshot of the findings from its latest Affluent Study on the opening day (Monday 5 May) of the Arabian Travel Market 2014, which takes place over four days at the Dubai World Trade Centre.

During its online survey, VISA interviewed over 300 credit card-holders in the UAE, both male and female, between the ages of 18-55 years old. Over 130 of the respondents had household incomes between AED 200,000 and AED 300,000 per annum and more than 170 respondents had household incomes of AED 300,000 and above per annum.

“One interesting feature of the study that I can reveal ahead of our presentation at Arabian Travel Market, is that in 2013 family holidays had the third highest spending incidence among affluent respondents in the UAE.

89% took an overseas holiday in the last year with India, USA, Turkey, Maldives and France as the most popular destinations,” commented Marcello Baricordi, General Manager UAE and Global Accounts Lead at Visa Inc. MENA.

He added: “In terms of expected spending on family holidays over the next 12 months, half of UAE affluent respondents said they would be spending more than the previous year.”

Premium travel and hospitality is the theme of this year’s ATM show with the launch of ‘Spotlight on Luxury’. The up-scale focus will bring together luxury brand exhibitors, targeted luxury buyers and visitors along with a number of special seminar sessions exploring the high value market segment for both inbound and outbound travelers.

“The UAE’s hospitality profile in many ways is defined by its number of five-star luxury hotels, fine dining restaurants, celebrity chefs and designer labels. Discerning UAE residents are now demanding similar levels of luxury when travelling abroad and they are willing to pay for it,” said Mark Walsh, Portfolio Director, Reed Travel Exhibitions, organiser of ATM.

“Besides the VISA seminar, we will be holding several other luxury-themed sessions, which will examine key opportunities in the global luxury travel arena and what this means for inbound and outbound tourism in the Gulf,” added Walsh.

One such session entitled ‘Luxury on Trends’ will be held on Tuesday 6 May at  12.15pm -13.15pm, featuring a panel of luxury experts including Simon Lynch, Director of Business Development, Abercrombie & Kent; Travel Attaché CEO, Liam Wholey and The Travel Collection owner & MD, Jacqueline Campbell.  

For more information on Arabian Travel Market 2014, please log on to: www.arabiantravelmarket.com

For media registration to Arabian Travel Market 2014, please log on to:

https://secure2.eventadv.com/atm/press-insert.aspx

-ENDS-

 

About Arabian Travel Market

Now in its 21st edition, Arabian Travel Market 2013, boasted more than 2,700 exhibitors and stand-sharers, from 91 countries.

 

For more information visit:

www.arabiantravelmarket.com

Arabian Travel Market is part of the Reed Travel Exhibitions’ portfolio, which includes 15 of the world’s leading travel industry events.


Reed Travel Exhibitions

Reed Travel Exhibitions (RTE) is the world’s leading provider of exhibitions in the travel and tourism industry, with a wide-ranging portfolio of 21 international events in 14 countries throughout the Americas, Europe, the Middle East, Asia Pacific and Africa. Its market-leading, business-to-business events cover all elements of travel and tourism, including leisure travel, luxury travel, meetings, events, incentives and business travel, as well as golf, ski and spa travel. RTE is part of Reed Exhibitions.”

Reed Exhibitions

The world's leading organiser of trade and consumer events running over 470 events in 37 countries. Reed Exhibitions excels in creating high profile, highly targeted business and consumer exhibitions and events to establish and maintain business relations, and generate new business.

Reed Exhibitions network of offices and promoters extends to 65 countries.
www.reedexpo.com
 

Reed Elsevier

Reed Elsevier is a world leading provider of professional information and online workflow solutions in the Science, Medical, Legal, Risk Information and Analytics, and Business sectors.
 

Based in over 200 locations worldwide, they create authoritative content delivered through market leading brands, enabling their customers to find the essential data, analysis and commentary to support their decisions.

www.reed-elsevier.com

 

 

Media contact:
Nathalie Viselé

Director

Shamal Marketing Communications

PO Box 502701

Office 106, Arjaan Office Tower

Dubai Media City

Dubai, United Arab Emirates

Office: +971 4 3652711 I Direct : +971 4 3652712 I Mobile : +971 50 4576525

Fax:+971 4 4278703

E-mail: nathalie@smc-pr.com I Website: www.smc-pr.com

 

 

 

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