dearJulius.com Write For Us

GDP impact of Muslim travel in Asia to hit US$33 billion by 2020

SHARE:

Asia is one of the top regions driving the growth of the global Muslim travel market, says a new report. (AFP Relaxnews pic)

AFP Relaxnews

Non-Muslim countries in Asia like China, Thailand and Singapore are set to reap the benefits of Muslim travel over the next few years, as the region becomes increasingly popular for halal tourism.

That’s according to the results of the Global Economic Impact of Muslim Tourism and Future Growth Projection: 2017-2020 report, which predicts that the GDP impact of Muslim travel in Asia will hit US$33 billion by 2020, up 27% from 2017.

Globally, that will represent 22% of Muslim travel expenditure.

The countries that will see the lion’s share of that spending? China, Thailand and Singapore.

The report was written by Salam Standard, a hospitality tool dedicated to Muslim travellers.

“Asia is one of the top regions driving the growth of the global Muslim travel market, fueled by a young and aspirational population and an increasingly-affluent middle class who are hungry to travel the world in a faith-compatible way, whether for business or leisure,” said Faeez Fadhlillah, CEO of Salam Standard and Muslim hotel booking site, Tripfez in a statement.

“The robust growth in inbound and outbound Muslim tourism expenditure forecast for Asia presents exciting opportunities for Muslim and non-Muslim destinations, which will benefit national and regional economies by boosting GDP and job creation.”

The findings also predict that Indonesia, China and Malaysia will contribute 17% of total Muslim outbound spending by 2020 — more than Europe, which is poised to reach 15%.

In other words, spending by Asia’s Muslim tourists is forecast to grow to US$29.6 billion by 2020.

The rise in Muslim tourism presents a huge opportunity for destinations which are advised to develop halal-friendly tourism in order to capitalise on the growing market, analysts point out.

South Korea and Thailand have long been offering Muslim-friendly guides that include lists of halal restaurants, mosques and prayer rooms.

“With the Muslim population growth at 70% compared to the global average of 32%, the Muslim travel market presents many untapped opportunities for countries and organisations that successfully address its needs — and an enormous threat for those who ignore it,” Fadhlillah added.

COMMENTS



Note: If you think this story need more information or correction, feel free to comment below your opinion and reaction.
Like & Follow to Stay Updated ...

Name

Travel,1359,
ltr
item
Travel - U.S. Daily News: GDP impact of Muslim travel in Asia to hit US$33 billion by 2020
GDP impact of Muslim travel in Asia to hit US$33 billion by 2020
https://1.bp.blogspot.com/-YWavORl9nwk/W97nekSceOI/AAAAAAABIBA/jsf__qWlge8RZ4lHjTavX2qEs80Fjq-FACLcBGAs/s1600/1.jpg
https://1.bp.blogspot.com/-YWavORl9nwk/W97nekSceOI/AAAAAAABIBA/jsf__qWlge8RZ4lHjTavX2qEs80Fjq-FACLcBGAs/s72-c/1.jpg
Travel - U.S. Daily News
https://travel.dailynews.us.com/2018/11/gdp-impact-of-muslim-travel-in-asia-to.html
https://travel.dailynews.us.com/
https://travel.dailynews.us.com/
https://travel.dailynews.us.com/2018/11/gdp-impact-of-muslim-travel-in-asia-to.html
true
3050905787730048509
UTF-8
Loaded All Posts Not found any posts VIEW ALL Read More Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy