Oman is expected to witness 19 per cent compound annual growth rate (CAGR) in Indian arrivals by 2021.
More Indians are expected to travel to Oman in the coming four years, as per the latest revealing of figures from Colliers International. The report was revealed ahead of the Arabian Travel Market (ATM) – a travel and tourism expo organised in Dubai, UAE, annually.
The figures show that nine million Indians are expected to travel to the GCC by 2021.
Over the five-year period (from 2012 to 2016), the average percentage of Indian arrivals – out of total arrivals – in Oman stood at 11.2 per cent.
This is expected to increase to about 11.9 per cent by 2021. But Oman is also expected to witness 19 per cent compound annual growth rate (CAGR) in Indian arrivals by 2021.
This change can be attributed to the Royal Oman Police’s (ROP) decision in October 2017, to approve on-arrival visas up to a period of one month for Indians holding valid US, UK, Canada, Australia or Schengen visas.
Simon Press, Senior Exhibition Director, ATM, said: “Surprisingly, there are just over 65 million passport holders in India out of a population of around 1.3 billion. Still it is no surprise that the growth of the global travel industry is being led by Asian travellers and the Middle East region can expect to benefit, with Indian tourist arrivals expected to grow by CAGR of 7-8 per cent.
“We have witnessed this growth first hand with ATM 2017 welcoming 54 per cent more visitors from India compared to 2014.”
Reports from the World Tourism Organisation (UNWTO) suggests that the outbound Indian travel market will grow to 50 million by 2021, with the average spend per trip by Indian travellers also increasing – UNWTO statistics reveal India is among the top 12 source markets globally that showed double digit growth in expenditure in 2016 – visitor spend reached a total of US$23.1 billion in 2016, up 15.1 per cent year-on-year.
The Arabian Travel Market will open doors at the Dubai World Trade Centre from April 22-25, 2018.