DUBAI — The GCC is home to a vast number of nationalities and hence their preferences, tastes, the idea of an experience and values are so diverse. However, when it comes to outbound travel from the region, there appears to be focus on luxury travel with unique holidays and individual experiences becoming increasingly popular. Exploring the tremendous potential of the luxury travel segment from the GCC, the special 6th edition of the MICE Arabia and Luxury Travel (MALT) Congress organized by Dubai-based QnA International will bring together the movers and shakers of the luxury travel world.

Whether it is in the form of flying business, or first class, GCC outbound travellers are thought of as big spenders. So much so, that GCC outbound travellers are forecasted to spend a mammoth $94 billion by 2020, up from the $64 billion spent in 2015 according to Statista. Further, this figure is expected to reach $140 billion and $216 billion by 2025 and 2030 respectively according to same sources.

What could be driving the demand for luxury tourism? Predictive answers point to high net worth individuals (HNWI’s), strong currency and high spending power. But the travel and hospitality industry too provides another answer, and this is the development of different forms of luxury.