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.
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| Mr. Marcello Baricordi |
89% took an overseas holiday in the last
year with India , USA , Turkey ,
Maldives and France
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
